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Funds still flowing into private markets, but investors more selective

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The funding pullback has been most pronounced in some of the market's riskiest sectors such as cryptocurrencies.

ST PHOTO: ALPHONSUS CHERN

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SINGAPORE - Slower growth and rising interest rates have spurred a pullback in business valuations and tamed investor appetite for risk.
Global venture funding fell to US$74.5 billion (S$106 billion) in the third quarter, down by more than 30 per cent from the second and the lowest level in nine quarters, noted CB Insights.
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