Singapore’s startup ecosystem has experienced significant growth in 2025, with a notable increase in venture capital funding and the emergence of innovative startups across various sectors.
📈 Record-Breaking Funding in Q3 2025
In the third quarter of 2025, Singapore startups secured a combined $2.4 billion in venture capital funding, nearly tripling the amount raised during the same period the previous year. This surge was driven by substantial investments in sectors such as AI, fintech, and deep tech. Notably, Airalo, an eSIM provider, raised $220 million in a Series C round, marking one of the largest deals of the quarter.
🚀 Rise of Prominent Startups
- GoodScore: A fintech startup, GoodScore, raised $13 million in a funding round led by Peak XV Partners, with participation from Stellaris Venture Partners and Saison Capital. The funds will support the company’s expansion and enhancement of its financial products and services.
- Qapita: Equity management platform Qapita secured $26.5 million in a Series B round led by Charles Schwab Corporation, with participation from Citi and MassMutual Ventures. The investment aims to support Qapita’s growth and its strategic partnership with Charles Schwab.
- Quest: AI-driven gig economy platform Quest, founded by three Singapore Management University graduates, has amassed a user base of 450,000 across Singapore, the Philippines, and the United States. The platform facilitates over 80,000 tasks, positioning itself as a significant player in the gig economy.
🧠 Focus on Deep Tech and Sustainability
Singapore’s early-stage emerging tech startups have shown resilience, with a 14% increase in deal volume in 2024, despite an 8% decline in funds raised. Advanced manufacturing and sustainability sectors have led this growth, attracting investor interest in innovative solutions.
🌐 International Collaboration and Events
Singapore continues to serve as a hub for global innovation. The upcoming Nordic Singapore Innovation Days 2025, scheduled for October 27–31, will bring Estonian clean and green tech startups to Singapore, fostering cross-border collaboration and knowledge exchange.
Singapore’s startup ecosystem in 2025 reflects a dynamic environment characterized by increased funding, the emergence of innovative startups, and a focus on deep tech and sustainability. The nation’s strategic initiatives and international collaborations further solidify its position as a leading global innovation hub.