Singapore dominates Southeast Asia tech funding

The city accounted for 68% of total funds raised in SEA in H1 2024.

Singapore captured more than half of Southeast Asia’s tech funding in H1 2024, dominating the region.

Data from Traxcn showed that Singapore raised US$1.1b in H1 2024, accounting for 68% of the total funding in SEA.

The funds raised by Singapore tech companies fell in H1 2024 if compared to the preceding half year (H2 2023), which recorded US$1.4b.

Behind Singapore are Jakarta (US$185m), Bangkok (US$150m), Taguig (US$57.1m), and Ho Chi Minh (US$36.3m).

The funded companies in Singapore in H1 2024 include ANEXT Bank (US$148m - Series D), Capillary (US$95.0m-Series D), and DCS Card Centre (US$75.2m).

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