Singapore tops SEA in women-led startup funding despite 72% decline

However, this figure represents a 72% decline from 2023.

Women-led tech startups in Singapore secured $114 million in funding in 2024, making it the highest-funded city in Southeast Asia, according to Tracxn.

However, this figure represents a 72% decline from 2023.

The report highlighted a significant drop in funding for women-led startups across Southeast Asia, with total investments falling 65% to $198m in 2024, accounting for just 6% of the $3.09b raised in the SEA tech ecosystem.

The decline was driven by a lack of late-stage funding and a shift in investor priorities toward profitability.

Singapore’s early-stage funding dropped 39% year-over-year, from $190m in 2023 to $115m in 2024.

In contrast, seed-stage investments saw a modest 20% increase, reaching $82.9m, but remained 30% below 2022 levels.

Notably, no late-stage funding was recorded for women-led startups in 2024, a stark contrast to $311m raised in 2023.

Sector-wise, blockchain startups led the way, attracting $133m in funding, a 391% increase from 2023. In contrast, FinTech startups raised only $91m, marking a 79% year-over-year decline, whilst Enterprise Applications saw an even steeper drop of 74% to $60.6m.

Despite the downturn, Singapore remained the most attractive market for female entrepreneurs in SEA. Key investors such as Antler, Wavemaker Impact, Vertex Ventures, and SEEDS Capital continued to support early-stage women-led startups.

Meanwhile, acquisitions of women-led startups in Singapore doubled to six in 2024, although no IPOs were recorded for the second consecutive year.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia