Tracxn - Singapore Tech Monthly Funding Report

TRACXN MONTHLY REPORT
AUGUST 2023
SINGAPORE TECH

Contents
2
Investment Snapshot 23
List of Funding Rounds 24
New Investors 27
Top Funded Business Models - last 1 year 29
New Analyst Picks 30
Acquisitions 32
Recent News 33

Singapore Tech Snapshot – August 2023
Singapore Tech: Snapshot – August 2023
Note : "Investors" refers to "Institutional Investors" only
3
$116M
7
Overall Geo Stats
14
4
49
10
20
Funding Rounds $ Invested Analyst Picks
Technosoft
Upgraded to
SOONICORN
New Investors
AIM-HI Accelerator
Fund
Undivided Ventures
Series A+ rounds Active Investors IPOs Acquisitions
Quantum Security
PouchNATION
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Singapore
(20 Rounds, $116M)
$35M - Series B
Endowus (2017, Singapore, $95M)
$22.5M - Series B
Medisix Therapeutics (2017, Singapore,
$62.9M)
$13M - Seed
ZTX (2022, Singapore, $13M)
$10.4M - Seed
MiyaHealth (2019, Singapore, $17.0M)
Antler
(2 Investments)
Amand Ventures
(1 Investments)
AIM-HI Accelerator Fund
(1 Investments)
ARKRAY
(1 Investments)
Investment Tech
Endowus
Life Sciences Platforms and Tools
Medisix Therapeutics
Oncology
DotBio
Genomics
Market Size
Companies Covered 13,659
Funded Companies 2,891
Total Funding $44.1B
Funding in last 12 months $5.2B
Top Exits
IPOs 49
Acquisitions 309
Company Stage
Unicorns 19
Soonicorns 101
Minicorns 315
Editor Picks 1,322
Series A+ 608
Series C+ 109
Acqui-Hires 5
Deadpooled 3,328
Top Cities

5
$116M
7
Overall Geo Stats
14
4
49
10
20
Technosoft
Upgraded to
SOONICORN
New Investors
AIM-HI Accelerator
Fund
Undivided Ventures
Quantum Security
PouchNATION
Singapore
(20 Rounds, $116M)
$35M - Series B
$22.5M - Series B
$62.9M)
$13M - Seed
$10.4M - Seed
Antler
(2 Investments)
Amand Ventures
(1 Investments)
(1 Investments)
ARKRAY
(1 Investments)
Investment Tech
Endowus
Oncology
DotBio
Genomics
Market Size
Top Exits
IPOs 49
Acquisitions 309
Company Stage
Unicorns 19
Soonicorns 101
Minicorns 315
Editor Picks 1,322
Series A+ 608
Series C+ 109
Acqui-Hires 5
Deadpooled 3,328
Top Cities

7
$116M
7
Overall Geo Stats
14
4
49
10
20
Technosoft
Upgraded to
SOONICORN
New Investors
AIM-HI Accelerator
Fund
Undivided Ventures
Quantum Security
PouchNATION
Singapore
(20 Rounds, $116M)
$35M - Series B
$22.5M - Series B
$62.9M)
$13M - Seed
$10.4M - Seed
Antler
(2 Investments)
Amand Ventures
(1 Investments)
(1 Investments)
ARKRAY
(1 Investments)
Investment Tech
Endowus
Oncology
DotBio
Genomics
Market Size
Top Exits
IPOs 49
Acquisitions 309
Company Stage
Unicorns 19
Soonicorns 101
Minicorns 315
Editor Picks 1,322
Series A+ 608
Series C+ 109
Acqui-Hires 5
Deadpooled 3,328
Top Cities

9
$116M
7
Overall Geo Stats
14
4
49
10
20
Technosoft
Upgraded to
SOONICORN
New Investors
AIM-HI Accelerator
Fund
Undivided Ventures
Quantum Security
PouchNATION
Singapore
(20 Rounds, $116M)
$35M - Series B
$22.5M - Series B
$62.9M)
$13M - Seed
$10.4M - Seed
Antler
(2 Investments)
Amand Ventures
(1 Investments)
(1 Investments)
ARKRAY
(1 Investments)
Investment Tech
Endowus
Oncology
DotBio
Genomics
Market Size
Top Exits
IPOs 49
Acquisitions 309
Company Stage
Unicorns 19
Soonicorns 101
Minicorns 315
Editor Picks 1,322
Series A+ 608
Series C+ 109
Acqui-Hires 5
Deadpooled 3,328
Top Cities

11
$116M
7
Overall Geo Stats
14
4
49
10
20
Technosoft
Upgraded to
SOONICORN
New Investors
AIM-HI Accelerator
Fund
Undivided Ventures
Quantum Security
PouchNATION
Singapore
(20 Rounds, $116M)
$35M - Series B
$22.5M - Series B
$62.9M)
$13M - Seed
$10.4M - Seed
Antler
(2 Investments)
Amand Ventures
(1 Investments)
(1 Investments)
ARKRAY
(1 Investments)
Investment Tech
Endowus
Oncology
DotBio
Genomics
Market Size
Top Exits
IPOs 49
Acquisitions 309
Company Stage
Unicorns 19
Soonicorns 101
Minicorns 315
Editor Picks 1,322
Series A+ 608
Series C+ 109
Acqui-Hires 5
Deadpooled 3,328
Top Cities

13
$116M
7
Overall Geo Stats
14
4
49
10
20
Technosoft
Upgraded to
SOONICORN
New Investors
AIM-HI Accelerator
Fund
Undivided Ventures
Quantum Security
PouchNATION
Singapore
(20 Rounds, $116M)
$35M - Series B
$22.5M - Series B
$62.9M)
$13M - Seed
$10.4M - Seed
Antler
(2 Investments)
Amand Ventures
(1 Investments)
(1 Investments)
ARKRAY
(1 Investments)
Investment Tech
Endowus
Oncology
DotBio
Genomics
Market Size
Top Exits
IPOs 49
Acquisitions 309
Company Stage
Unicorns 19
Soonicorns 101
Minicorns 315
Editor Picks 1,322
Series A+ 608
Series C+ 109
Acqui-Hires 5
Deadpooled 3,328
Top Cities

15
$116M
7
Overall Geo Stats
14
4
49
10
20
Technosoft
Upgraded to
SOONICORN
New Investors
AIM-HI Accelerator
Fund
Undivided Ventures
Quantum Security
PouchNATION
Singapore
(20 Rounds, $116M)
$35M - Series B
$22.5M - Series B
$62.9M)
$13M - Seed
$10.4M - Seed
Antler
(2 Investments)
Amand Ventures
(1 Investments)
(1 Investments)
ARKRAY
(1 Investments)
Investment Tech
Endowus
Oncology
DotBio
Genomics
Market Size
Top Exits
IPOs 49
Acquisitions 309
Company Stage
Unicorns 19
Soonicorns 101
Minicorns 315
Editor Picks 1,322
Series A+ 608
Series C+ 109
Acqui-Hires 5
Deadpooled 3,328
Top Cities

17
$116M
7
Overall Geo Stats
14
4
49
10
20
Technosoft
Upgraded to
SOONICORN
New Investors
AIM-HI Accelerator
Fund
Undivided Ventures
Quantum Security
PouchNATION
Singapore
(20 Rounds, $116M)
$35M - Series B
$22.5M - Series B
$62.9M)
$13M - Seed
$10.4M - Seed
Antler
(2 Investments)
Amand Ventures
(1 Investments)
(1 Investments)
ARKRAY
(1 Investments)
Investment Tech
Endowus
Oncology
DotBio
Genomics
Market Size
Top Exits
IPOs 49
Acquisitions 309
Company Stage
Unicorns 19
Soonicorns 101
Minicorns 315
Editor Picks 1,322
Series A+ 608
Series C+ 109
Acqui-Hires 5
Deadpooled 3,328
Top Cities

19
Overall Geo Stats
Funding Rounds $ Invested Analyst Picks New Investors

21
$116M
7
Overall Geo Stats
14
4
49
10
20
Technosoft
Upgraded to
SOONICORN
New Investors
AIM-HI Accelerator
Fund
Undivided Ventures
Quantum Security
PouchNATION
Singapore
(20 Rounds, $116M)
$35M - Series B
$22.5M - Series B
$62.9M)
$13M - Seed
$10.4M - Seed
Antler
(2 Investments)
Amand Ventures
(1 Investments)
(1 Investments)
ARKRAY
(1 Investments)
Investment Tech
Endowus
Oncology
DotBio
Genomics
Market Size
Top Exits
IPOs 49
Acquisitions 309
Company Stage
Unicorns 19
Soonicorns 101
Minicorns 315
Editor Picks 1,322
Series A+ 608
Series C+ 109
Acqui-Hires 5
Deadpooled 3,328
Top Cities

Investment Snapshot
Investment Snapshot of Singapore Tech as of August 2023
Singapore Tech: Investment Snapshot
23
# Rounds
$ Funding
Investment Trend Top Investments (August 2023)*
Endowus
(2017, Singapore, $95.0M)
$35.0M - Series B Citi
$22.5M - Series B
ZTX
$13.0M - Seed Jump Crypto
MiyaHealth
$10.4M - Seed Fondation Botnar
Qashier
$10.0M - Series A Delivery Hero Ventures
Helio Protocol
$10.0M - Series A Binance Labs
DotBio
$5.6M - Seed Proxima Ventures
Neurowyzr
$2.1M - Series A Jungle Ventures
Pi-xcels
$1.7M - Seed Wavemaker Partners
Solar AI Technologies
$1.5M - Seed Earth Venture Capital
CHOYS
$1.1M - Seed Wing Vasiksiri
*Shows only the lead Investors

List of Funding Rounds (1/3)
List of Funding Rounds in Singapore Tech in August 2023
Singapore Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
24
EARLY STAGE
$125.0K - Series A
MY01 (2015, Singapore, $12.6M)
AI-powered medical device for the detection of
compartment syndrome
Antler
$2.1M - Series A
Neurowyzr (2016, Singapore, $5.1M)
Provider of mental health care therapy & monitoring
services
Jungle Ventures, Peak XV Partners
$10.0M - Series A
Helio Protocol (2022, Singapore, $10.0M)
Platform offering a USD-pegged collateralized
destablecoin
Binance Labs
EARLY STAGE
$10.0M - Series A
Qashier (2015, Singapore, $15.6M)
Provider of POS solutions for businesses
Delivery Hero Ventures, Cocoon Capital, Elevate Capital
$22.5M - Series B
Medisix Therapeutics (2017, Singapore, $62.9M)
Developer of CAR-T therapies to treat cancer and
autoimmune diseases
$35.0M - Series B
Endowus (2017, Singapore, $95.0M)
Goal-based investment platform
Citi, MUFG, Prosus, Singtel, UBS, and 2 more
EARLY STAGE
Series A
Allozymes (2019, Singapore, $5.0M)
Provider of solutions for enzyme development to treat
multiple diseases
Seventure Partners, Xora Innovation

25
SEED STAGE
$751.8K - Seed
HeHealth (2021, Singapore, $751.8K)
AI-powered platform for men to scan sexually
transmitted diseases
Plug and Play Tech Center, ARKRAY
$1.0M - Seed
Cerebry (2016, Singapore, $1.0M)
AI-based tutoring platform for students
Ascend Vietnam Ventures, Pentathlon Ventures
$1.0M - Seed
KometGames (2022, Singapore, $1.0M)
Developer of mobile-based casual video games
Picus Capital, c3ecospace
SEED STAGE
$1.1M - Seed
CHOYS (2022, Singapore, $1.1M)
Online platform for employee health benefits
Wing Vasiksiri, Antler, Foremast,
$1.5M - Seed
Solar AI Technologies (2020, Singapore, $1.5M)
Provider of solutions for rooftop solar assessment
Earth Venture Capital, Undivided Ventures, Investible
$1.7M - Seed
Pi-xcels (2019, Singapore, $1.7M)
Provider of e-receipt solutions for retailers
Wavemaker Partners, Black Kite Capital, Hustle Fund,
Amand Ventures
SEED STAGE
$5.6M - Seed
DotBio (2018, Singapore, $5.6M)
Provider of antibody-based therapies
Proxima Ventures, Gaorong Capital, AIM-HI Accelerator
Fund
$10.4M - Seed
Digital medical cost management solution for payors
and employers
Fondation Botnar, HealthXCapital, ST Engineering,
Elev8
$13.0M - Seed
ZTX (2022, Singapore, $13.0M)
Developer of a play-to-earn metaverse platform
Jump Crypto, Maezawa Fund, Everest Ventures Group,
Collab+Currency, Parataxis Capital

26
SEED STAGE
Seed
AltLayer (2021, Singapore, $7.2M)
Blockchain-based network for hosting web 3.0
applications
Binance
Seed
Digital Entertainment Asset (2018, Singapore,
$22.0M)
Online marketplace platform to buy and sell NFTs
KDDI
Seed
Beep (2018, Singapore)
Payment solutions for vending machines
GGV Capital, XA Network
SEED STAGE
Seed
Antsomi (2020, Singapore)
Provider of AI-based customer data platform
D.A.Consortium

New Investors (1/2)
List of New Investors in Singapore Tech in August 2023
Singapore Tech: List of New Investors
27
Investor Company Info Round Amount Round Name
1 portfolio companies | Startup accelerator focused on the healthcare tech
sector
DotBio
$5.60M Seed
Undivided Ventures
3 portfolio companies | Venture capital firm focused on early-stage investments
Solar AI Technologies
Provider of solutions for rooftop solar assessment
$1.50M Seed
c3ecospace
1 portfolio companies | C3ecospace – Creative Collective Capital | Creative
Industry Management Company in Atlanta
KometGames
Developer of mobile-based casual video games
$1.00M Seed
Pentathlon Ventures
25 portfolio companies | Venture capital fund investing in early to series A stage
startups
Cerebry
AI-based tutoring platform for students
$1.00M Seed
Seventure Partners
220 portfolio companies | Tech & Life Sciences focused stage agnostic VC firm
investing in Europe, Asia & the US
Allozymes
Provider of solutions for enzyme development to treat multiple
diseases
Undisclosed Series A
fintechnation.io
2 portfolio companies | Home
CHOYS
$1.10M Seed
Proxima Ventures
23 portfolio companies | Private equity investment firm focused on healthcare
industry
DotBio
$5.60M Seed
ST Engineering
8 portfolio companies | Developer of SaaS-based end-to-end fleet management
solutions
MiyaHealth
Digital medical cost management solution for payors and employers
$10.40M Seed
Foremast
1 portfolio companies | Venture capital firm focused on startups
CHOYS
$1.10M Seed
Elevate Capital
37 portfolio companies | Seed and early stage sector-agnostic micro-VC firm
investing in the US and India
Qashier
Provider of POS solutions for businesses
$10.00M Series A

New Investors (2/2)
List of New Investors in Singapore Tech in August 2023
Singapore Tech: List of New Investors
28
Investor Company Info Round Amount Round Name
ARKRAY
1 portfolio companies | ARKRAY 4U
HeHealth
AI-powered platform for men to scan sexually transmitted diseases
$752K Seed
KDDI
40 portfolio companies | Provider of process transformational services
Digital Entertainment Asset
Online marketplace platform to buy and sell NFTs
Undisclosed Seed
Fondation Botnar
7 portfolio companies | Foundation focused on healthcare, wellbeing,
innovative programs, AI, and research sectors
MiyaHealth
Digital medical cost management solution for payors and employers
$10.40M Seed
D.A.Consortium
8 portfolio companies | Provider of digital advertising services
Antsomi
Undisclosed Seed

Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
29
Rank Business Model $ Funding # Rounds Top Funding Round
1 -- Online Women's Clothing Retailer $2.1B 2 SHEIN | $2.0B | Series D
2 -- Insurance as a Service Platfom $196M 2 Bolttech | $196M | Series B
3 -- Radioisotopes for Imaging $119M 1 TauRx | $119M | Series E
4 -- Neurodegenerative Diseases Drugs $119M 1 TauRx | $119M | Series E
5 ▲25 Business banking partnership platforms $100M 1 Aspire | $100M | Series C
6 -- Mobile Crypto Wallets $100M 1 MinePlex | $100M | Series C
7 ▼-4 RegTech Suite $80.0M 1 Advance Inte.. | $80.0M | Series E
8 ▼-6 Internet First Loan Marketplace $80.0M 1 Advance Inte.. | $80.0M | Series E
9 -- Remittance Softwares for MTOs $72.0M 1 Thunes | $72.0M | Series C
10 -- T-Cell Therapy Drugs $62.5M 2 Lion TCR | $40.0M | Series B

New Analyst Picks (1/2)
Interesting Companies identified by Analysts in Singapore Tech in August 2023
Singapore Tech: Analyst Picks
30
Upgraded to SOONICORN
Technosoft (2012, Singapore, Undisclosed, Seed)
Company provides dealer management systems for
automotive dealerships
Runa Capitaland
Upgraded to MINICORN
MiyaHealth (2019, Singapore, $10.4M, Seed)
Digital medical cost management solution for payors
and employers
Fondation Botnar, ST Engineering, Elev8 and 3 other
Investors
Added to Editor's Pick
Group-IB (2003, Singapore, Undisclosed, Series A)
AI based threat intelligence and risk protection
solutions
CSA, Altera Capital, Run Capital and 1 other Investors
Crayon Data (2012, Singapore, Undisclosed,
Conventional Debt)
Cloud based analytics solutions for businesses
Kris Gopalakrishnan, Mitsui & Co, Ratan Tata and 9
other Investors
Sequential Skin (2019, Singapore, Undisclosed,
Seed)
Provider of in-vivio microbiome testing platform for
skin care
Corundum Systems Biology, UK Research and
Innovation, Metaplanet and 5 other Investors
Pi-xcels (2019, Singapore, $1.7M, Seed)
Provider of e-receipt solutions for retailers
Wavemaker Partners, Hustle Fund, Amand Ventures
and 2 other Investors

New Analyst Picks (2/2)
Interesting Companies identified by Analysts in Singapore Tech in August 2023
Singapore Tech: Analyst Picks
31
Antsomi (2020, Singapore, Undisclosed, Seed)
D.A.Consortiumand
HeHealth (2021, Singapore, $752K, Seed)
AI-powered platform for men to scan sexually
transmitted diseases
Plug and Play Tech Center,ARKRAYand
Komunidad (2021, Singapore, $1.0M, Seed)
Provider of weather intelligence and climate data
analytics solutions
Wavemaker Partnersand
DealA.com (2020, Singapore, Unfunded)
Online platform offering online digital coupons and
promo codes

Acquisitions
List of Acquisitions in Singapore Tech in August 2023
Singapore Tech: Acquisitions
32
Acq. Date Company Acquirer Deal Size
03 Aug 2023
Quantum Security(2019, Singapore)
Provider of cyber risk management platform
Armor Defense
03 Aug 2023
PouchNATION(2012, Singapore, $4.5M)
Provider of NFC and RFID-based wearables for ticketing and event
management
Lantern
07 Aug 2023
1X(2018, Singapore)
Platform to invest & trade private securities
FOMO Pay
07 Aug 2023
CapBridge(2015, Singapore, $10.7M)
Investment platform for private market investors
FOMO Pay

Recent News (1/2)
Recent News in Singapore Tech in August 2023
Singapore Tech:News
33
Exit News
.
● Equity management platform Qapita acquires ESOP DirectIndiatimes
.
● FOMO Group Acquires Two Singapore Financial Institutions, CapBridge and
1exchange, Expanding Into Capital MarketsZawya
.
● Shein buys a third part of Forever 21 america-retail.com
.
● Armor Acquires Quantum Security, Further Strengthening Its Position in the
Cloud Security and IT Risk MarketNewswire
.
● RenRe’s Validus Re acquisition “on track” Reinsurance News
.
● Olam Group eyes agri unit’s Singapore-Saudi dual IPO by first half of 2024
Shareandstocks
.
● Sunbird Bio Merges with Glympse Bio to Accelerate Development of
Proprietary Protein-Based Diagnostic Technologies Business Wire
.
People News
.
● Capillary Technologies elevates Anant Choubey and Sridhar BollamMoneycontrol
.
● SME financing platform Validus appoints new Singapore CEO Tech in Asia
● Resolve Systems Names Sean Heuer as New CEO to Lead the Next PRWeb
.
● Terrascope appoints veteran sustainability leaders to join Sustainability
Advisory Council Terrascope
.
● Olam Group appoints Maya Hari as CEO of climate-tech venture Terrascope
Olam Agro
.
Company News
.
● Mirxes receives US FDA's breakthrough device designation for blood-based
cancer detection test BioSpectrum Asia

Explore more on Tracxn
Explore more about Singapore Tech on Tracxn Platform
Singapore Tech: Explore more on Tracxn Platform
34
Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in Singapore
AI Companies in Singapore
Fintech Companies Singapore
Consumer Digital in Singapore
Company Due Diligence
Detailed profile of Ninja Van
Competitors of Trax
Cap Tables of EMERITUS
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
Unicorn Investors
Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
Recent News
News on People
News on Unicorns
Upcoming Events
Library
Recent Reports
Tracxn Blog
Global Sector Landscape

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Tracxn - Singapore Tech Monthly Funding Report

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