Singapore’s 50 most valuable startups
A quarterly ranking of non-listed Singapore startups that have already raised funds, established by artificial intelligence from public information. The market sets the value; AI models estimate it.
National ranking · all sectors
This ranking shows the startups as they stood on 19 Oct 2026. Funding rounds, valuations and other events announced after that date are not included yet. They will be taken into account in the next edition, scheduled for 2 Nov 2026.
Spotted a more recent round? Tell us →First edition: no movements yet.
| # | Company | Sub-sector | Known funding | Estimated valuation (AI) · range | Pool of InterestsInterest: a free, non-binding declaration on a company, or on a sector within an area, made during the free phase of a pool. Pool: all the Interests declared on the same target. This column shows the number of Backers and the combined amount of their tickets, to validated members only. Terms for Backers → | BackBacking a startup on Uback (pronounced “you back”) can be done in two ways: Interest · free: a non-binding declaration that signals your demand for a company or a sector. You can move or withdraw it at any time, with up to 5 at once. Intention · coming soon: a paid, confirmed declaration, still non-binding. Once its pool reaches critical mass, it is presented to a company by a partner desk. Neither is an order nor a commitment to invest. Terms for Backers → |
|---|---|---|---|---|---|---|
| 1 | OKXSingapore · founded 2017Seychelles Legal seat in the Seychelles; management spread between Singapore, Hong Kong and Dubai, with a US base in San Jose. Counted in Singapore, as in the Crypto exchanges ranking. |
Crypto › exchange | raised Strategic investment · USD 200M · Mar 2026 (Intercontinental Exchange), at USD 25bn |
Last known equity round: Strategic investment · USD 200M · Mar 2026 (Intercontinental Exchange) Published valuation: USD 25bn (Mar 2026)Method |
Be the first | Back |
| 2 | Crypto.comSingapore · founded 2016 Founded in Hong Kong in 2016 (as Monaco); headquartered in Singapore. |
Crypto › exchange & app | raised Strategic investment · USD 400M · Jul 2026 (Citadel Securities) |
Last known equity round: Strategic investment · USD 400M · Jul 2026 (Citadel Securities) Published valuation: USD 20bn (Jul 2026)Method |
Be the first | Back |
| 3 | AirwallexSingapore · founded 2015 Founded in Melbourne in 2015; HQ moved to Singapore in 2023, with San Francisco as second global HQ. Cayman holding. |
Fintech › cross-border payments | raised Series H · USD 320M · Jun 2026 (Addition) |
Last known equity round: Series H · USD 320M · Jun 2026 (Addition) Published valuation: USD 11bn (Jun 2026)Method |
Be the first | Back |
| 4 | KuCoinSingapore · founded 2017Seychelles Legal seat in the Seychelles; headquartered in Singapore since 2018. Counted in Singapore, as in the Crypto exchanges ranking. |
Crypto › exchange | raised Series B · USD 150M · May 2022 (Jump Crypto, Circle Ventures, IDG Capital, Matrix Partners), at USD 10bn |
Last known equity round: Series B · USD 150M · May 2022 (Jump Crypto, Circle Ventures, IDG Capital, Matrix Partners) Published valuation: USD 10bn (May 2022)Method |
Be the first | Back |
| 5 | CarroSingapore · founded 2015 Reported in August 2025 to prepare a US IPO at over USD 3bn. |
Marketplace › used cars | raised Series C · USD 360M · Jun 2021 (SoftBank Vision Fund; Temasek, Insignia Ventures, EDBI) |
Last known equity round: Series C · USD 360M · Jun 2021 (SoftBank Vision Fund; Temasek, Insignia Ventures, EDBI) Published valuation: USD 1bn (Jun 2021)Method |
Be the first | Back |
| 6 | CarousellSingapore · founded 2012 Merged with 701Search (Mudah.my, 591) in 2019; OLX Group holds a stake. |
Marketplace › classifieds & recommerce | raised Growth round · USD 100M · Sep 2021 (STIC Investments) |
Last known equity round: Growth round · USD 100M · Sep 2021 (STIC Investments) Published valuation: USD 1.1bn (Sep 2021)Method |
Be the first | Back |
| 7 | Silicon BoxSingapore · founded 2021 Founded by Marvell co-founders Sehat Sutardja and Weili Dai with CEO BJ Han; production started in Singapore. |
Deeptech › chiplet packaging | USD 580M+ raised Series B2 (incl. extension) · USD 250M · Jun 2026 (EDBI) |
Last known equity round: Series B2 (incl. extension) · USD 250M · Jun 2026 (EDBI)Method | Be the first | Back |
| 8 | CodaSingapore · founded 2011 Operates Codashop, a top-up store for online games. |
Fintech › digital content payments | raised Growth round · USD 690M · Apr 2022 (GIC; Smash Capital, Insight Partners) |
Last known equity round: Growth round · USD 690M · Apr 2022 (GIC; Smash Capital, Insight Partners) Published valuation: USD 2.5bn (Apr 2022)Method |
Be the first | Back |
| 9 | ThunesSingapore · founded 2016 Network reaching about 130 countries and billions of mobile wallets. |
Fintech › cross-border payments network | raised Series D · USD 150M · Apr 2025 (Apis Partners, Vitruvian Partners) |
Last known equity round: Series D · USD 150M · Apr 2025 (Apis Partners, Vitruvian Partners) Published valuation: USD 1bn (May 2025)Method |
Be the first | Back |
| 10 | Ninja VanSingapore · founded 2014 Operates in six South-East Asian countries. |
Logistics › last-mile delivery | raised Series E · USD 580M · Sep 2021 (Alibaba, Geopost (DPDgroup); B Capital, Monk's Hill Ventures, Zamrud) |
Last known equity round: Series E · USD 578M · Sep 2021 Published valuation: USD 1.9bn (Sep 2021)Method |
Be the first | Back |
| 11 | NiumSingapore · founded 2014 Founded in Singapore in 2014 as Instarem. |
Fintech › cross-border payments infrastructure | raised Growth round · USD 50M · Jun 2024 (Brunei Investment Agency) |
Last known equity round: Growth round · USD 50M · Jun 2024 (Brunei Investment Agency) Published valuation: USD 1.4bn (Jun 2024)Method |
Be the first | Back |
| 12 | Hummingbird BioscienceSingapore · founded 2015 Sites in Singapore and Houston; spun out Callio Therapeutics (Seattle) in 2025. |
Biotech › antibody therapeutics | raised Series C · USD 120M · May 2021 (Novo Holdings; Frazier Healthcare, Octagon, EDBI, Amgen Ventures) |
Last known equity round: Series C · USD 125M · May 2021 (Novo Holdings; Frazier Healthcare, Octagon, EDBI, Amgen Ventures)Method | Be the first | Back |
| 13 | BIT (formerly Matrixport)Singapore · founded 2019 Founded by Bitmain co-founder Jihan Wu as Matrixport; renamed BIT. |
Crypto › digital-asset financial services | raised Series C · USD 100M · Aug 2021 (DST Global, C Ventures, K3 Ventures) |
Last known equity round: Series C · USD 100M · Aug 2021 (DST Global, C Ventures, K3 Ventures) Published valuation: USD 1bn (Aug 2021)Method |
Be the first | Back |
| 14 | AspireSingapore · founded 2018 Serves more than 50,000 businesses in Asia (company claim, 2024). |
Fintech › SME business accounts | raised Series C · USD 100M · Sep 2022 (Lightspeed, Sequoia Capital SEA; Tencent) |
Last known equity round: Series C · USD 100M · Sep 2022 (Lightspeed, Sequoia Capital SEA; Tencent)Method | Be the first | Back |
| 15 | Next Gen Foods (TiNDLE)Singapore · founded 2020 | Agrifood › plant-based meat | USD 130M+ raised Series A · USD 100M · Feb 2022 (Alpha JWC, Temasek) |
Last known equity round: Series A · USD 100M · Feb 2022 (Alpha JWC, Temasek)Method | Be the first | Back |
| 16 | Advance Intelligence GroupSingapore · founded 2016 Parent of ADVANCE.AI (KYC, risk) and Atome (BNPL), active in about ten Asian markets. |
Fintech › BNPL & risk AI | raised Series D extension · USD 80M · May 2023 (Warburg Pincus, Northstar Group) |
Last known equity round: Series D extension · USD 80M · May 2023 (Warburg Pincus, Northstar Group)Method | Be the first | Back |
| 17 | SyfeSingapore · founded 2019 | Fintech › robo-advisor & brokerage | raised Series C · USD 80M · Jun 2025 |
Last known equity round: Series C · USD 80M · Jun 2025Method | Be the first | Back |
| 18 | Doctor AnywhereSingapore · founded 2017 Operates in Singapore, Vietnam, Thailand, Malaysia, Indonesia and the Philippines. |
Digital health › telemedicine and clinics | about USD 180M raised Series C1 (incl. extension) · USD 80M · Dec 2023 (Square Peg, Novo Holdings) |
Last known equity round: Series C1 (incl. extension) · USD 79.6M · Dec 2023 (Square Peg, Novo Holdings)Method | Be the first | Back |
| 19 | NansenSingapore · founded 2019 | Crypto › on-chain analytics | raised Series B · USD 75M · Dec 2021 (Accel; Andreessen Horowitz, Tiger Global, GIC) |
Last known equity round: Series B · USD 75M · Dec 2021 (Accel; Andreessen Horowitz, Tiger Global, GIC) Published valuation: USD 750M (Dec 2021)Method |
Be the first | Back |
| 20 | Funding SocietiesSingapore · founded 2015 Operates as Modalku in Indonesia; active in Singapore, Indonesia, Malaysia, Thailand and Vietnam. |
Fintech › SME lending | raised Strategic equity · USD 25M · Dec 2024 (Cool Japan Fund) |
Last known equity round: Strategic equity · USD 25M · Dec 2024 (Cool Japan Fund)Method | Be the first | Back |
| 21 | EndowusSingapore · founded 2017 More than USD 10bn of client assets (Oct 2025). |
Fintech › digital wealth management | raised Growth round · USD 70M · Oct 2025 (Illuminate Financial; Prosus, Citi Ventures) |
Last known equity round: Growth round · USD 70M · Oct 2025 (Illuminate Financial; Prosus, Citi Ventures)Method | Be the first | Back |
| 22 | ShopBackSingapore · founded 2014 | E-commerce › cashback & rewards | raised Series F · USD 200M · Dec 2021 (Asia Partners, 65 Equity Partners; Westpac) |
Last known equity round: Series F · USD 200M · Dec 2021 (Asia Partners, 65 Equity Partners; Westpac)Method | Be the first | Back |
| 23 | 99 GroupSingapore · founded 2014 | Proptech › property portals | raised Series C (incl. extension) · USD 63M · Mar 2023 (Gaw Capital Partners; OCBC NISP Ventura) |
Last known equity round: Series C (incl. extension) · USD 63M · Mar 2023 (Gaw Capital Partners; OCBC NISP Ventura)Method | Be the first | Back |
| 24 | Startale GroupSingapore · founded 2022 | Crypto › blockchain infrastructure | raised Series A · USD 63M · Mar 2026 (SBI Group, Sony Innovation Fund) |
Last known equity round: Series A · USD 63M · Mar 2026 (SBI Group, Sony Innovation Fund)Method | Be the first | Back |
| 25 | MultiplierSingapore · founded 2020 | HR › employer of record & global payroll | raised Series B · USD 60M · Jun 2022 (Tiger Global, Sequoia Capital India/SEA) |
Last known equity round: Series B · USD 60M · Jun 2022 (Tiger Global, Sequoia Capital India/SEA)Method | Be the first | Back |
| 26 | YouTripSingapore · founded 2018 | Fintech › multi-currency wallet | raised Series B · USD 50M · Oct 2023 (Lightspeed) |
Last known equity round: Series B · USD 50M · Oct 2023 (Lightspeed)Method | Be the first | Back |
| 27 | Love, BonitoSingapore · founded 2010 | E-commerce › fashion brand | raised Series C · USD 50M · Jan 2022 (Primavera Capital) |
Last known equity round: Series C · USD 50M · Jan 2022 (Primavera Capital)Method | Be the first | Back |
| 28 | GlintsSingapore · founded 2013 | HR › recruitment marketplace | raised Series D · USD 50M · Feb 2022 (PayPal Ventures) |
Last known equity round: Series D · USD 50M · Feb 2022 (PayPal Ventures)Method | Be the first | Back |
| 29 | AI RudderSingapore · founded 2019 Offices in Shanghai and Jakarta. |
AI › voice agents | USD 60M raised Series B · USD 50M · Mar 2022 (Tiger Global, Coatue, Cathay Innovation; First Plus, VenturesLab, Sequoia Capital India, Huashan Capital) |
Last known equity round: Series B · USD 50M · Mar 2022 (Tiger Global, Coatue, Cathay Innovation; First Plus, VenturesLab, Sequoia Capital India, Huashan Capital)Method | Be the first | Back |
| 30 | NuevocorSingapore · founded 2018 Preparing US clinical trials. |
Biotech › gene therapy | raised Series B · USD 45M · May 2025 (Kurma Partners, Angelini Ventures; EDBI, ClavystBio, Boehringer Ingelheim Venture Fund, Highlight Capital) |
Last known equity round: Series B · USD 45M · May 2025 (Kurma Partners, Angelini Ventures; EDBI, ClavystBio, Boehringer Ingelheim Venture Fund, Highlight Capital)Method | Be the first | Back |
| 31 | CoboSingapore · founded 2017 | Crypto › custody & wallet infrastructure | raised Series B · USD 40M · Sep 2021 (DST Global Partners) |
Last known equity round: Series B · USD 40M · Sep 2021 (DST Global Partners)Method | Be the first | Back |
| 32 | Silent EightSingapore · founded 2013 Founded by Polish entrepreneurs; HQ in Singapore with a large engineering team in Poland; customers include HSBC and Standard Chartered. |
AI › financial-crime compliance | USD 55M raised Series B · USD 40M · Mar 2022 (TYH Ventures; HSBC Ventures, OTB Ventures, Wavemaker Partners, SC Ventures) |
Last known equity round: Series B · USD 40M · Mar 2022 (TYH Ventures; HSBC Ventures, OTB Ventures, Wavemaker Partners, SC Ventures)Method | Be the first | Back |
| 33 | Sapient IntelligenceSingapore · founded 2024 Known for the open-source Hierarchical Reasoning Model (HRM) released in 2025. |
AI › foundation models | USD 22M raised Seed · USD 22M · Jan 2025 |
Last known equity round: Seed · USD 22M · Jan 2025 Published valuation: USD 200M (Jan 2025)Method |
Be the first | Back |
| 34 | IglooSingapore · founded 2016 | Insurtech › embedded insurance | raised Pre-Series C · USD 36M · Dec 2023 (Eurazeo; Openspace, La Maison) |
Last known equity round: Pre-Series C · USD 36M · Dec 2023 (Eurazeo; Openspace, La Maison)Method | Be the first | Back |
| 35 | TazapaySingapore · founded 2020 Licensed in Singapore, Canada, Australia and the US; serves over 1,000 enterprises (company claim). |
Fintech › cross-border payments infrastructure | raised Series B (incl. extension) · USD 36M · Mar 2026 (Circle Ventures; CMT Digital, Coinbase Ventures, Peak XV Partners, Ripple) |
Last known equity round: Series B (incl. extension) · USD 36M · Mar 2026 (Circle Ventures; CMT Digital, Coinbase Ventures, Peak XV Partners, Ripple)Method | Be the first | Back |
| 36 | HomageSingapore · founded 2016 Operates in Singapore, Malaysia and Australia. |
Digital health › home care | USD 45M+ raised Series C · USD 30M · Sep 2021 (Sheares Healthcare Group; DG Daiwa Ventures, Sagana Capital, East Ventures, HealthXCapital) |
Last known equity round: Series C · USD 30M · Sep 2021 (Sheares Healthcare Group; DG Daiwa Ventures, Sagana Capital, East Ventures, HealthXCapital)Method | Be the first | Back |
| 37 | VolopaySingapore · founded 2019 | Fintech › spend management | raised Series A · USD 29M · Mar 2022 |
Last known equity round: Series A · USD 29M · Mar 2022Method | Be the first | Back |
| 38 | SpeedocSingapore · founded 2017 | Digital health › hospital at home | raised Pre-Series B · USD 28M · Nov 2022 (Bertelsmann Investments, Shinhan Venture Investment, Mars Growth; Vertex Ventures SEA & India) |
Last known equity round: Pre-Series B · USD 28M · Nov 2022 (Bertelsmann Investments, Shinhan Venture Investment, Mars Growth; Vertex Ventures SEA & India)Method | Be the first | Back |
| 39 | Engine BiosciencesSingapore · founded 2017 Operations in Singapore with a Silicon Valley office. |
Biotech › AI drug discovery | USD 86M raised Series A extension · USD 27M · Oct 2023 (Polaris Partners) |
Last known equity round: Series A extension · USD 27M · Oct 2023 (Polaris Partners)Method | Be the first | Back |
| 40 | SleekSingapore · founded 2017 Founded by French entrepreneur Julien Labruyère. |
Software › SME back-office | raised Series B · USD 23M · Jun 2025 (Ellerston Capital; Money Forward) |
Last known equity round: Series B · USD 23M · Jun 2025 (Ellerston Capital; Money Forward)Method | Be the first | Back |
| 41 | Green Li-ionSingapore · founded 2020 Founded at Entrepreneur First Singapore by Leon Farrant and Reza Katal; first plant in Oklahoma. |
Climate › battery recycling | USD 15M+ raised Pre-Series B · USD 20M · Mar 2023 (TRIREC; Banpu NEXT, Equinor Ventures) |
Last known equity round: Pre-Series B · USD 20.5M · Mar 2023 (TRIREC; Banpu NEXT, Equinor Ventures)Method | Be the first | Back |
| 42 | OneByZeroSingapore · founded 2023 Reports automating over 90% of client customer interactions. |
AI › enterprise agents | raised Series A · USD 20M · Oct 2026 (Jungle Ventures) |
Last known equity round: Series A · USD 20M · Oct 2026 (Jungle Ventures)Method | Be the first | Back |
| 43 | LucenceSingapore · founded 2016 Offices in San Francisco (Palo Alto), Hong Kong and Suzhou; CLIA-certified US lab. |
Medtech › cancer diagnostics | USD 29M raised Series A · USD 20M · Nov 2019 (IHH Healthcare; SGInnovate, Heliconia Capital) |
Last known equity round: Series A · USD 20M · Nov 2019 (IHH Healthcare; SGInnovate, Heliconia Capital)Method | Be the first | Back |
| 44 | Cosmos InnovationSingapore · founded 2021 | Climate › solar cells | raised Series A · USD 17M · Oct 2023 (Xora Innovation) |
Last known equity round: Series A · USD 16.8M · Oct 2023 (Xora Innovation)Method | Be the first | Back |
| 45 | GeniebookSingapore · founded 2017 | Edtech › K-12 tutoring | raised Series A · USD 17M · Oct 2021 (East Ventures, Lightspeed) |
Last known equity round: Series A · USD 16.6M · Oct 2021 (East Ventures, Lightspeed)Method | Be the first | Back |
| 46 | AllozymesSingapore · founded 2020 Founded by NUS PhD graduates. |
Biotech › enzyme engineering | raised Series A · USD 15M · May 2024 (Seventure Partners, Xora Innovation; NUS Technology Holdings, Thia Ventures, SOSV, Entrepreneur First) |
Last known equity round: Series A · USD 15M · May 2024 (Seventure Partners, Xora Innovation; NUS Technology Holdings, Thia Ventures, SOSV, Entrepreneur First)Method | Be the first | Back |
| 47 | CoveSingapore · founded 2018 Bought Casa Mia Coliving in Nov 2025. |
Proptech › co-living | raised Series A · USD 4.6M · Dec 2020 (Keppel Land; Eurazeo, Antler, Venturra) |
Last known equity round: Series A · USD 4.6M · Dec 2020 (Keppel Land; Eurazeo, Antler, Venturra)Method | Be the first | Back |
| 48 | WegoSingapore · founded 2005 | Travel › online travel marketplace | USD 57M+ raised Series E · USD 12M · Aug 2017 (MBC Group) |
Last known equity round: Series E · USD 12M · Aug 2017 (MBC Group)Method | Be the first | Back |
| 49 | TookitakiSingapore · founded 2014 Founded by Abhishek Chatterjee; development team largely in India. |
AI › financial-crime compliance | raised Series A+ · USD 12M · Jul 2021 (Viola FinTech, SIG Asia) |
Last known equity round: Series A+ · USD 11.7M · Jul 2021 (Viola FinTech, SIG Asia)Method | Be the first | Back |
| 50 | AugmentusSingapore · founded 2019 | Robotics › industrial automation software | raised Series A+ · USD 11M · Jul 2025 (Woori Venture Partners; EDBI, Sierra Ventures, Cocoon Capital) |
Last known equity round: Series A+ · USD 11M · Jul 2025 (Woori Venture Partners; EDBI, Sierra Ventures, Cocoon Capital)Method | Be the first | Back |
Back · Backing on Uback (pronounced “you back”) means declaring an Interest (free) or an Intention (coming soon). Backing does not mean that this company is raising funds or that a shareholder is selling shares, and it is not a commitment to invest. Any deal, through a funding round or a sale by an existing shareholder, is handled by a partner desk: the Fundraising Desk of the country for a round, the Secondary Sales Desk assigned to the company for a sale. · Terms
Get every new ranking
New entries, exits and movements, at every edition.
No data passed on to third parties. See our Privacy policy.
How to read this ranking
Rank
Companies are ranked by AI-estimated valuation, highest first. The market sets the value; AI models estimate it.
Estimate
An AI-estimated valuation, its uncertainty range and its order of magnitude. Indicative, and imperfect by nature.
- Hundreds of k$
- Millions $
- Tens of M$
- Hundreds of M$
- Unicorn
- Decacorn
- Hectocorn
Rankings by sector
Four verticals at launch, more when the feasibility test allows.Fintech & crypto
Cross-border payments, business accounts, SME lending, wealth apps and digital-asset platforms.
Marketplaces & consumer
Used cars, classifieds, cashback, travel, fashion and recruitment.
Deeptech & AI
Chiplet packaging, foundation models, voice agents and financial-crime compliance.
Health & climate
Antibody and gene therapies, telemedicine, home care, battery recycling and solar cells.
Introductions made by a Fundraising Desk partner, currently being selected
An adviser licensed by the MAS (Monetary Authority of Singapore), the only party entitled to present Backers’ demand to companies for their funding rounds. Sales of existing shares are handled by Secondary Sales Desks, assigned company by company. Uback remains a media: it ranks and aggregates intentions, it takes part in no transaction.
Become Uback’s Fundraising Desk partner in Singapore
- Foreign investors you would not find on your own
- Your name on every ranking of the country
- Backers’ demand on each company, before its round opens
- The “Uback Fundraising Partner in Singapore” title on your profiles
Radar · known eligible companies, not ranked
Sorted by date of last round, with no judgement and no AI call. Undisclosed amount: the round is confirmed by the press, not its amount.
- Aliena · Space › satellite propulsionSeries A1 · USD 5.5M · Oct 2026 (In Group Holdings; Wavemaker Partners, LotusOne)Back
- OrtCloud · AI › cloud infrastructurePre-seed · USD 1.7M · Apr 2026 (Golden Gate Ventures)Back
- Botsync · Robotics › autonomous mobile robotsSeries A extension · amount undisclosed · Jan 2026 (SGInnovate)Back
- Transcelestial · Deeptech › laser communicationsSeries A (additional close) · USD 9.7M · Nov 2025 (MPower Partners; SEEDS Capital, Kickstart Ventures, NTT Finance, Golden Egg Ventures)Back
- WIZ.AI · AI › voice agentsSeries B · amount undisclosed · Nov 2025 (SMBC Asia Rising Fund; Beacon VC (KBank), SMIC SG Holdings, Singtel Innov8, Granite Asia)Back
- Hydroleap · Climate › water treatmentSeed · USD 4.8M · Aug 2025Back
- SixSense · AI › semiconductor manufacturingSeries A · USD 8.5M · Jul 2025 (Peak XV's Surge; Alpha Intelligence Capital, FEBE)Back
- Charge+ · Climate › EV chargingSeries A · USD 8M · Sep 2024 (Trive Venture Capital, TNB Aura)Back
- Equatorial Space Systems · Space › launch vehiclesPre-Series A · USD 1.5M · Jul 2024 (Farquhar Venture Capital; Paspalis)Back
- Osome · Software › SME accountingSeries B extension · amount undisclosed · May 2024Back
- StealthMole · Cybersecurity › dark-web intelligenceSeries A · USD 7M · Mar 2024 (Korea Investment Partners; Hibiscus Fund, Smilegate Investment)Back
- Mesh Bio · Digital health › predictive analyticsSeries A · USD 3.5M · Feb 2024 (East Ventures)Back
- Entropica Labs · Deeptech › quantum softwareSeries A · USD 4.7M · Nov 2023 (Liftt, Wavemaker Partners)Back
- CYFIRMA · Cybersecurity › threat intelligencePre-Series B · USD 5.5M · Apr 2023 (OurCrowd, L&T Innovation Fund)Back
- Bitget · Crypto › exchangeStrategic investment · USD 10M · Apr 2023 (Dragonfly); no valuation publishedBack
- Haulio · Logistics tech › container truckingSeries A · USD 7M · Mar 2023 (Heliconia Capital; Ondine Capital, Cornerstone Ventures, FuturePlay, Newtown Partners)Back
- Validus · Fintech › SME lendingSeries C-1 (first tranche) · amount undisclosed · Dec 2022 (NongHyup Financial Group, Norinchukin Bank, Aizawa Asset Management, Lotte F&L; Vertex Ventures, FMO, VinaCapital Ventures)Back
- Kristal.AI · Fintech › digital private wealthPre-Series B · USD 10M · Nov 2022 (Chiratae Ventures, Stride Ventures)Back
- AMILI · Biotech › microbiomeSeries A · USD 10M · Jun 2022 (Vulcan Capital; Pruksa Group, TVM Capital Healthcare, Emtek Group, SEEDS Capital)Back
- Unravel Carbon · Climate › carbon accounting SaaSSeed · USD 7.4M · May 2022 (Sequoia India's Surge; Alpha JWC, Rebel Fund, Global Founders Capital)Back
- SpeQtral · Deeptech › quantum communicationsSeries A · USD 8.3M · Nov 2021 (Xora Innovation; TIS)Back
- Circles.Life · Consumer › digital telcoGrowth round · amount undisclosed · Feb 2020 (Warburg Pincus)Back
- TADA · Mobility › ride-hailingNo equity amount disclosedBack
- Mystifly · Travel › B2B air bookingPre-Series B · amount undisclosed (Recruit Holdings)Back
- Grain · Food › meal deliverySeries B · amount undisclosed (Singha Ventures)Back
- Group-IB · Cybersecurity › threat intelligenceNo equity amount disclosedBack
- Archisen · Agrifood › vertical farmingNo equity amount disclosedBack
- Umami Bioworks · Agrifood › cultivated seafoodNo equity amount disclosedBack
Born in Singapore, based elsewhere
Companies of Singapore origin whose main operations are now abroad: not ranked, shown with the law governing their shares.
- Biofourmis · Healthtech › remote patient monitoring
Founded in Singapore in 2015; HQ in Boston since its 2024 merger with CopilotIQFunding round · about USD 100M · Oct 2024 (General Atlantic, Openspace, Bessemer Venture Partners)Back - Holmusk · Healthtech › behavioural health real-world data
Founded in Singapore in 2015; HQ in New York (offices in Singapore and Basel)Series B · USD 45M · Jan 2023 (Veradigm)Back - PatSnap · Software › IP and R&D intelligence
Founded in Singapore in 2007; HQ in Singapore, but most of the team and R&D in Suzhou and Beijing (ranked in China)Series E · USD 300M · Mar 2021 (Tencent, SoftBank Vision Fund 2), at above USD 1bnBack - Acronis · Cybersecurity › data protection
Founded in Singapore in 2003; HQ in Schaffhausen, Switzerland (ranked in Switzerland)Majority stake bought by EQT · Aug 2024; Growth round · USD 250M · Jul 2022, at USD 3.5bnBack - Bybit · Crypto › exchange
Founded in Singapore in 2018; HQ moved to Dubai in 2022No outside equity round knownBack
Born elsewhere, based in Singapore
Companies founded abroad whose main operations are in Singapore.
- Darwinbox · Software › HR SaaS
Founded in Hyderabad in 2015; international HQ in Singapore, main team and management in Hyderabad (ranked in India)Series D extension · USD 140M · Mar 2025 (KKR, Partners Group) - Traveloka · Travel › online travel agency
Singapore holding; operations and management in Jakarta, Indonesia (ranked in Indonesia)Funding round · USD 300M · Sep 2021 (BlackRock, Allianz X, Granite Oak) - Kredivo · Fintech › BNPL and consumer credit
Singapore holding (Kredivo Holdings, formerly FinAccel); operations and management in Jakarta, Indonesia (ranked in Indonesia)Series D · about USD 270M · Mar 2023 (Mizuho) - Akulaku · Fintech › BNPL and digital bank
Singapore holding; HQ and management in Jakarta, Indonesia (ranked in Indonesia)Funding round · USD 200M · 2022 (MUFG) - Xendit · Fintech › payments infrastructure
Singapore holding; HQ and management in Jakarta, Indonesia, large team in the Philippines (ranked in Indonesia)Series D · USD 300M · May 2022 (Coatue, Insight Partners) - Ajaib · Fintech › retail investing app
Singapore holding; HQ and management in Jakarta, Indonesia (ranked in Indonesia)Series C · USD 270M · Aug 2026 (SBI Holdings), priced above its 2021 unicorn valuation - Pintu · Crypto › exchange
Singapore holding; operations and management in Jakarta, Indonesia (ranked in Indonesia)Series B · USD 113M · 2022 - Kopi Kenangan · Foodtech › coffee chain
Singapore holding; operations and management in Jakarta, Indonesia (ranked in Indonesia)Series C · USD 96M · Dec 2021 - eFishery · Agritech › aquaculture
Singapore holding; operations in Bandung, Indonesia; accounting fraud uncovered in Dec 2024Series D · about USD 200M · 2023 - Sky Mavis · Crypto › Web3 gaming and blockchain (Axie Infinity, Ronin)
Singapore holding (Sky Mavis Pte Ltd); team and management in Ho Chi Minh City, Vietnam (ranked in Vietnam)Series B · USD 152M · Oct 2021 (Andreessen Horowitz), at about USD 3bn - VNLife · Fintech › payments (VNPay)
Singapore holding; operations and management in Hanoi, Vietnam (ranked in Vietnam)Series B · USD 250M · Jul 2021 (General Atlantic, Dragoneer) - Trusting Social · Fintech › AI credit scoring
Singapore holding; main team and management in Ho Chi Minh City, Vietnam (ranked in Vietnam)Series C · USD 65M · Apr 2022 (Sherpa, a Masan Group unit) - Buymed · Healthtech › pharma B2B distribution
Singapore holding; operations and management in Ho Chi Minh City, Vietnam (ranked in Vietnam) - Flipkart · E-commerce › marketplace
Bangalore, India; Singapore holding moved to India in 2026 (ranked in India)Controlled by Walmart; USD 350M from Google in 2024 - PhonePe · Fintech › UPI payments
Bangalore, India; Singapore holding moved to India in 2022 (ranked in India)Funding round · USD 850M · 2023 (General Atlantic), at USD 12bn - InMobi · Adtech › mobile advertising
Singapore holding; HQ and management in Bangalore, India (ranked in India)No new primary equity since a founder-led buyback in 2025 - Moglix · B2B commerce › industrial procurement
Singapore holding; HQ and management in Noida, India (ranked in India)Series F · USD 250M · May 2022, at USD 2.6bn - Shein · E-commerce › fast fashion
Legal HQ in Singapore since 2021; supply chain, most staff and management in Guangzhou, China (ranked in China)Funding round · USD 2bn · May 2023 (Mubadala, General Atlantic), at USD 66bn - Insider · Software › marketing automation
Founded in Istanbul in 2012; declares HQ in Singapore but main team and management largely in Istanbul (ranked in Türkiye)Series E · USD 500M · Nov 2024 (General Atlantic) - Fazz · Fintech › SME payments & banking
Singapore holding (Xfers/StraitsX side); operations and management mainly in Jakarta (ranked in Indonesia)Series C · USD 100M · 2022 (Tiger Global, Insignia Ventures)
Not ranked
- Grab · Listed on Nasdaq (GRAB) since Dec 2021 (SPAC)
- Sea · Listed on NYSE (SE) since 2017
- Karooooo · Listed on Nasdaq (KARO) since 2021
- Ryde · Listed on NYSE American (RYDE) since 2024
- MoneyHero · Listed on Nasdaq (MNY) since 2023 (SPAC)
- iFAST · Listed on SGX (AIY) since 2014
- PropertyGuru · Bought: taken private by EQT (about USD 1.1bn), completed Dec 2024, delisted from NYSE
- Horangi · Bought by Bitdefender, completed Aug 2023
- Chope · Bought by Grab (Jul 2024)
- Singlife · Bought: full subsidiary of Sumitomo Life since Mar 2024
- Manus · Moved to Singapore in 2025; bought by Meta (Dec 2025)
- Zilingo · Closed: liquidation after 2022 governance crisis
- DayOne · Spun out of GDS Holdings: created by a group
- Princeton Digital Group · Data-centre platform created and controlled by Warburg Pincus
- Digital Edge · Data-centre platform created by Stonepeak
- bolttech · Created by Pacific Century Group in 2020 and still majority-owned by it
- Klook · Headquartered in Hong Kong (filed for a NYSE IPO, ticker KLK); not Singaporean
- Partior · Created by DBS, J.P. Morgan, Standard Chartered and Temasek
- Instarem · Brand of Nium (same company)
- Lazada · Bought by Alibaba (2016-2018)
- Hashkey · Headquartered in Hong Kong
- Independent Reserve · Headquartered in Sydney, Australia (Singapore is a licensed subsidiary)
- Pomelo Fashion · Headquartered in Bangkok, Thailand
- Shiok Meats · Merged into Umami Bioworks in 2024
- Tessa Therapeutics · Entered liquidation in 2023 after failing to secure funding
- Ensign InfoSecurity · Created by Temasek
- Ahrefs · Bootstrapped SEO software company without outside equity
The method in Singapore
Calendar. Quarterly ranking, published on the 2nd of February, May, August and November. Next edition: November 2, 2026.
Eligibility: at least $1M raised in equity, non-listed company, main operations in Singapore.
Fundraising Desk sought. An adviser licensed by the MAS (Monetary Authority of Singapore).
Sources. Singapore and international business and technology press (The Business Times, The Straits Times, DealStreetAsia, Tech in Asia, e27, KrASIA, TechCrunch, Bloomberg, Reuters), company and investor announcements.