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
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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.

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