Singapore-based tech start-ups could enjoy record funding this year, say investors

Sesto Magnus, an autonomous robot by Sesto Robotics, lifting a trolley at engineering company Hope Technik. Sesto Robotics is among the start-ups to have closed lucrative funding rounds. PHOTO: SESTO ROBOTICS
New: Gift this subscriber-only story to your friends and family

SINGAPORE - Local start-ups could enjoy a record funding year in 2022, thanks to the positive economic outlook and the continued acceleration in demand for digital services amid the pandemic.

Start-up investors told The Straits Times that while there may be some market realignment, given that last year saw a new high in terms of venture capital funding, they expect deal activity to remain robust for companies here and across the region.

Already a subscriber? 

Dive deeper at $0.99/month

Want more exclusives, sharp insights into what's happening at home and abroad? Subscribe to stay informed.

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • 2-week e-paper archive so you never miss out on any topic that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.