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Singapore dominates Southeast Asia tech funding in 2025

Large Singapore-linked transactions included Princeton Digital Group’s US$1.3b Series C.

Singapore dominated Southeast Asia’s tech funding landscape in 2025, accounting for 91% of total capital raised as overall investment in the region edged up but remained well below earlier peaks, according to the SEA Tech Annual Funding Report.

Tech companies across Southeast Asia raised US$5.2b in 2025, up 7% from 2024 but still 31% lower than 2023 levels.

Funding was heavily skewed toward later-stage deals, with late-stage rounds totaling US$3.9b, nearly tripling from 2024, while early-stage funding fell to US$1.1b and seed funding to US$214m, reflecting a sharp pullback in capital for younger startups.

The report pointed to growing capital concentration, with nine deals of US$100m or more completed during the year.

Large Singapore-linked transactions included Princeton Digital Group’s US$1.3b Series C, Digital Edge’s US$640m Series D, and Airwallex’s US$330m Series G.

By sector, enterprise infrastructure led funding with US$2.3b, a 70% increase from 2024 and more than twelve times 2023 levels.

FinTech funding declined to US$1.5b, while enterprise applications raised US$1.42b, down from 2024 but slightly above 2023.

The report recorded two new unicorns in 2025 and a rebound in public market activity, with 15 tech IPOs, up from nine the previous year.

Exit activity through acquisitions continued to slow, with 57 M&A deals, led by NinjaOne’s US$270m acquisition of Dropsuite.

Among investors, Iterative, 500 Global, and East Ventures were most active at the seed stage, SEEDS Capital, Integra Partners, and Peak XV Partners at the early stage, and DST Global, Unbound, and Asia Partners in late-stage funding.

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