It’s boom time for venture capital
Singapore’s venture capital (VC) fundraising is experiencing a gold rush as investors continue funneling their money to the citystate’s burgeoning startup scene. In October alone, VC firms like Vertex Ventures and Vickers Venture Partners completed their biggest fundraising yet with $210m and $230m, respectively.
This growing interest in Singapore’s startup scene reflects the appetite for investors to look for opportunities beyond the United States and China, which comprised the lion’s share of VC investments in Asia in recent years. Data from KPMG’S Venture Pulse
2017 revealed that Singapore’s venture investments totalled US$725.3M in the second quarter of this year, boosted by internet company SEA Limited’s US$550M funding round.
“Southeast Asia has seen investment activity rise most strongly in Singapore, Indonesia, and Vietnam in the past 12 to 18 months, with notable transactions such as Grab, ARA, Tokopedia, and SEA at transaction values well above what is commonly found in our region,” said Dr. Thomas Lanyi, chairman, Singapore Venture Capital Association. Apart from venture capital, there is also another trend rising in Southeast Asia: