Check out our latest report on top #BusinessModels in built using #Tracxn's #proprietary #taxonomy https://tracxn.com/platform/file-manager/file/ZmlsZUlkPUM0NG5hZGFpQTFoWXVwTHBoR3h4Y3hhZnlhbDI1WThScWYwMkY0RUxJanM%3D Subscribe for free to receive the latest reports of your geo of interest delivered to your mailbox

1. TRACXN TOP BUSINESS MODELS REPORT
August 18, 2023
SINGAPORE TECH

2. Singapore Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Singapore Tech Funding Overview 3
Top Funded Business Models 4
One Pagers 9
Appendix 59
2

3. Singapore Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Funding in last 1 year
3
Fashion Tech $2.2B
Cryptocurrencies $617M
Coupons and Deals $230M
Insurance IT $196M
Banking Tech $127M
Imaging Diagnostics $119M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Antler
Saison Capital
HashKey
6
6
5
Early
Stage
Seeds Capital
EDBI
Enterprise Singapore
9
3
3
Late
Stage
EDBI
65 Equity Partners
Endeavor
3
2
2
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
SHEIN
(2008, Singapore)
$2.0B - Series D
Amber Group
(2017, Singapore)
$300M - Series C
Bolttech
(2020, Singapore)
$196M - Series B
SHEIN
(2008, Singapore)
$150M - Angel
TauRx
(2002, Singapore)
$119M - Series E
MinePlex
(2020, Singapore)
$100M - Series C
Aspire
(2015, Singapore)
$100M - Series C
Advance Intelligence G..
(2016, Singapore)
$80.0M - Series E
ShopBack
(2014, Singapore)
$80.0M - Series F
ShopBack
(2014, Singapore)
$80.0M - Series F
Thunes
(2016, Singapore)
$72.0M - Series C
Mirxes
(2014, Singapore)
$50.0M - Series D
Singapore (100%)

4. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Singapore Tech - Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1<> 0 Online Women Casual Apparel Retailer $2.1B 2 SHEIN | $2.0B | Series D Link
2▲10 Crypto Financial Services $330M 2 Amber Group | $300M | Series C Link
3-- Insurance as a Service Platfom $196M 2 Bolttech | $196M | Series B Link
4-- Diagnostic Imaging Accessories $119M 1 TauRx | $119M | Series E Link
5-- Crypto Hot Wallets $107M 3 MinePlex | $100M | Series C Link
6▲34 Business Challenger Banks $100M 1 Aspire | $100M | Series C Link
7-- Software for Money Transfer Businesses $72.0M 1 Thunes | $72.0M | Series C Link
8-- Carbon Credit Trading Platform $70.6M 5 AirCarbon | $50.0M | Series B Link
9▲4 E-Commerce Rollups $60.0M 2 Una Brands | $30.0M | Series B Link
10-- Robo-Advisors in Wealth Management $57.7M 3 Endowus | $35.0M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Singapore Tech - Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11-- Graduate Job Boards $50.0M 1 Glints | $50.0M | Series D Link
12▲18 Cancer Diagnostics $50.0M 1 Mirxes | $50.0M | Series D Link
13-- Online Pet Products $50.0M 1 Vetreska Fut.. | $50.0M | Series C Link
14-- Clinical Decision Support Systems $46.3M 2 Holmusk | $45.0M | Series B Link
15-- Employee Benefits Software $46.1M 5 HealthifyMe | $30.0M | Series C Link
16-- Fiat On Ramp $45.5M 2 XanPool | $41.0M | Series B Link
17-- Digital Symptom Apps $45.2M 2 Ubie | $26.2M | Series C Link
18-- In-Store Customer Loyalty Program $45.0M 1 Capillary | $45.0M | Series D Link
19-- Enterprise Communication and Collaboration $42.0M 1 SEDNA | $42.0M | Series C Link
20-- Card Linked Loyalty Program $35.0M 1 utu | $35.0M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Singapore Tech - Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21-- Data Security $33.5M 4 Beosin | $20.0M | Series A Link
22-- Personalized Nutrition Platforms $30.0M 1 HealthifyMe | $30.0M | Series C Link
23-- Healthcare Booking Platforms $28.0M 1 Speedoc | $28.0M | Series A Link
24▼13 Oncology Drugs $26.1M 4 Alternative Bio | $15.0M | Seed Link
25-- Electric Motorcycle Manufacturers $25.4M 2 ION Mobility | $18.7M | Series A Link
26▼26 Blockchain Networks $25.0M 4 QLC Chain | $15.0M | Series B Link
27-- Cryptocurrency Payments $25.0M 4 Alchemy Pay | $10.0M | Series A Link
28▼10 P2P Online Used Car Marketplace $25.0M 2 Carro | $25.0M | Series C Link
29-- SMB Accounting Software $25.0M 1 Osome | $25.0M | Series B Link
30-- IoT for smart cities $25.0M 1 UnaBiz | $25.0M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Singapore Tech - Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31▼8 Collaborative Music Production Software $25.0M 1 BandLab | $25.0M | Series B Link
32-- Commercial Real Estate Listings $22.6M 3 99 Group | $11.0M | Series C Link
33-- Gene Therapeutics $22.5M 1 Medisix Ther.. | $22.5M | Series B Link
34▼7 Cryptocurrency Exchanges $21.0M 5 zkLink | $10.0M | Series B Link
35-- Lithium Battery Recycling $20.5M 1 Green Li-ion | $20.5M | Series A Link
36-- NFT Marketplaces $20.1M 8 Digital Entertai.. | $10.0M | Seed Link
37-- E-Commerce Software $20.0M 3 Reflaunt | $11.0M | Series A Link
38-- Stablecoins $20.0M 2 Helio Protocol | $10.0M | Series A Link
39-- Mobile Casual Game Developers $20.0M 2 Pomerium | $20.0M | Angel Link
40-- Online Crypto Payment Solutions $18.0M 2 dtcpay | $16.5M | Seed Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Singapore Tech - Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41▼5 Cryptocurrency Trading Platforms $17.7M 3 DigiFT | $10.5M | Seed Link
42-- Commercial Cleaning Robots $17.0M 1 LionsBot | $17.0M | Series A Link
43-- B2B Online Remittance $16.9M 2 TazaPay | $16.9M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Online Women Casual Apparel Retailer -
Singapore
01
9
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$2.1B (▲115%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$3.2B
2
-
22
1
Fashion Tech (Zilingo Shopping)
(# Cos: 579 | $4.4B)
B2C Commerce (ZALORA)
(# Cos: 540 | $3.5B)
Apparel (StyleTheory)
(# Cos: 215 | $3.3B)
Casual Wear (Anticlockwise)
(# Cos: 128 | $3.3B)
Multi Category (Ellysage)
(# Cos: 125 | $3.3B)
Women (Love Bonito)
(# Cos: 93 | $3.3B)
Retailer (SHEIN)
(# Cos: 22 | $3.2B)
SHEIN
(2008, Singapore, $3.2B)
Anela
(2015, Singapore)
The Well Dressed Society
(2015, Singapore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
SHEIN (2008, Singapore)
$2.0B - Series D - May 2023
$150M - Angel - Feb 2023

10. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Amber Group (2017, Singapore)
$300M - Series C - Dec 2022
hi (1994, Singapore)
$30.0M - Series A - Jul 2023
Crypto Financial Services - Singapore
02
10
Back to index
Cryptocurrencies (Matrixport)
(# Cos: 922 | $2.3B)
Financial Services (Sygnum)
(# Cos: 678 | $1.9B)
Diversified (Amber Group)
(# Cos: 95 | $803M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$330M (▲57.7%)
2(▼66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$803M
25
1
95
4
Amber Group
(2017, Singapore, $628M)
Matrixport
(2019, Singapore, $129M)
CRYPTO
(2016, Singapore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

11. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Insurance as a Service Platfom -
Singapore
03
11
Back to index
Insurance IT (EBaoTech)
(# Cos: 58 | $545M)
Insurance as a Service (Bolttech)
(# Cos: 1 | $443M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$196M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$443M
1
-
1
1
Bolttech
(2020, Singapore, $443M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Bolttech (2020, Singapore)
$196M - Series B - May 2023
Undisclosed - Series B - Oct 2022

12. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Diagnostic Imaging Accessories -
Singapore
04
12
Back to index
Imaging Diagnostics (Shenzhen Aosheng Medical
Technology)
(# Cos: 5 | $434M)
Accessories (TauRx)
(# Cos: 1 | $434M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$119M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$434M
1
-
1
1
TauRx
(2002, Singapore, $434M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
TauRx (2002, Singapore)
$119M - Series E - Nov 2022

13. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
MinePlex (2020, Singapore)
$100M - Series C - Oct 2022
Safeheron (2019, Singapore)
Undisclosed - Seed - Apr 2023
$7.0M - Seed - Aug 2022
Crypto Hot Wallets - Singapore
05
13
Back to index
Cryptocurrencies (Amber Group)
(# Cos: 922 | $2.3B)
Wallet (MathWallet)
(# Cos: 83 | $198M)
Hot Wallets (imToken)
(# Cos: 54 | $158M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$107M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$158M
13
-
54
4
imToken
(2016, Singapore, $40.0M)
TRON
(2017, Singapore)
Frontier
(2019, Singapore, $1.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

14. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Business Challenger Banks - Singapore
06
14
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$100M (▲70.8%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$204M
2
-
3
2
Banking Tech (CredoLab)
(# Cos: 141 | $1.2B)
Internet First Banks (TONIK)
(# Cos: 22 | $427M)
Through Bank Partnerships (Leap
Finance)
(# Cos: 10 | $205M)
Business Banking (Aspire)
(# Cos: 3 | $204M)
Aspire
(2015, Singapore, $200M)
Arival
(2017, Singapore, $4.1M)
INFT
(2020, Singapore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Aspire (2015, Singapore)
$100M - Series C - Feb 2023

15. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Thunes (2016, Singapore)
$72.0M - Series C - Mar 2023
Software for Money Transfer Businesses
- Singapore
07
15
Back to index
Digital Remittance (YouTrip)
(# Cos: 84 | $697M)
Enablers (NIUM)
(# Cos: 13 | $504M)
Software for MTOs (Thunes)
(# Cos: 6 | $202M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$72.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$202M
2
-
6
1
Thunes
(2016, Singapore, $202M)
Wallex
(2015, Singapore)
Biz4x
(2012, Singapore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

16. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
AirCarbon (2019, Singapore)
$15.0M - Series B - Dec 2022
$50.0M - Series B - Nov 2022
Reneum (2018, Singapore)
$4.1M - Seed - Oct 2022
URECA (2021, Singapore)
$1.5M - Seed - Nov 2022
Handprint (2019, Singapore)
Undisclosed - Seed - Dec 2022
Carbon Credit Trading Platform -
Singapore
08
16
Back to index
Air Pollution Management Tech (SEPPURE)
(# Cos: 36 | $106M)
Carbon Management (Handprint)
(# Cos: 22 | $104M)
Carbon Offset Trading Platforms
(AirCarbon)
(# Cos: 12 | $78.6M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$70.6M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$78.6M
6
-
12
1
AirCarbon
(2019, Singapore, $70.0M)
Handprint
(2019, Singapore, $3.0M)
Capture
(2019, Singapore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

17. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
E-Commerce Rollups - Singapore
09
17
Back to index
Brands Tech (AnyMind Group)
(# Cos: 33 | $484M)
Tech First Ecommerce Brand Acquirers (Una
Brands)
(# Cos: 7 | $289M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$60.0M (▼66.9%)
2(▼66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$289M
7
-
7
3
Una Brands
(2017, Singapore, $115M)
Rainforest
(2020, Singapore, $71.5M)
iFashion
(2014, Singapore, $736K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Una Brands (2017, Singapore)
$30.0M - Series B - Mar 2023
$30.0M - Series B - Sep 2022

18. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Robo-Advisors in Wealth Management -
Singapore
10
18
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$57.7M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$189M
6
-
15
3
Investment Tech (OurCrowd)
(# Cos: 606 | $1.4B)
Wealth Management Platforms (Kristal)
(# Cos: 75 | $308M)
Robo Advisors (StashAway)
(# Cos: 16 | $189M)
Horizontal (Endowus)
(# Cos: 15 | $189M)
Endowus
(2017, Singapore, $95.0M)
StashAway
(2016, Singapore, $75.3M)
Kristal
(2016, Singapore, $19.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Endowus (2017, Singapore)
$35.0M - Series B - Aug 2023
StashAway (2016, Singapore)
$12.7M - Series D - Sep 2022
Kristal (2016, Singapore)
$10.0M - Series A - Nov 2022

19. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Glints (2013, Singapore)
$50.0M - Series D - Aug 2022
Graduate Job Boards - Singapore
11
19
Back to index
HRTech (HealthifyMe)
(# Cos: 647 | $561M)
Job Board (GrabJobs)
(# Cos: 173 | $109M)
Graduate Jobs (Glints)
(# Cos: 10 | $82.3M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$50.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$82.3M
2
-
10
1
Glints
(2013, Singapore, $82.3M)
gradsingapore
(2007, Singapore)
Gumtree Jobs
(2000, Singapore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

20. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Mirxes (2014, Singapore)
$50.0M - Series D - Jul 2023
Cancer Diagnostics - Singapore
12
20
Back to index
Oncology (Hummingbird Bioscience)
(# Cos: 41 | $898M)
In-Vitro Diagnostic Tests (Ark Bio)
(# Cos: 9 | $249M)
Diversified (Mirxes)
(# Cos: 7 | $247M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$50.0M (▼42.5%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$247M
4
1
7
2
Mirxes
(2014, Singapore, $207M)
Ark Bio
(2018, Singapore, $40.0M)
Guardant Health AMEA
(2018, Singapore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

21. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Online Pet Products - Singapore
13
21
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$50.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$50.0M
1
-
2
0
Pet Tech (ZumVet)
(# Cos: 87 | $55.9M)
Pet Supplies Ecommerce (Perro Box)
(# Cos: 68 | $52.2M)
Horizontal (Perromart)
(# Cos: 45 | $50.2M)
Internet First Brand (Chew Time)
(# Cos: 3 | $50.0M)
Cats and Dogs (Vetreska Future Pet
Food)
(# Cos: 2 | $50.0M)
Vetreska Future Pet Food
(2022, Singapore, $50.0M)
Paws & Me
(2019, Singapore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Vetreska Future P.. (2022, Singapore)
$50.0M - Series C - Oct 2022

22. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Clinical Decision Support Systems -
Singapore
14
22
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$46.3M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$80.6M
3
-
8
0
Healthcare IT (Healint)
(# Cos: 293 | $263M)
Provider (Docquity)
(# Cos: 193 | $221M)
Clinical Operations (Qritive)
(# Cos: 60 | $127M)
Decision Support (Us2.ai)
(# Cos: 60 | $127M)
Suite Solutions (Holmusk)
(# Cos: 8 | $80.6M)
Holmusk
(2015, Singapore, $79.3M)
Mito Health
(2023, Singapore, $1.3M)
Adaline
(2017, Singapore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Holmusk (2015, Singapore)
$45.0M - Series B - Jan 2023
Mito Health (2023, Singapore)
$1.3M - Seed - Apr 2023

23. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Employee Benefits Software - Singapore
15
23
Back to index
HRTech (Glints)
(# Cos: 647 | $561M)
Employee Benefits (HealthifyMe)
(# Cos: 44 | $263M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$46.1M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$263M
19
1
44
7
HealthifyMe
(2012, Singapore, $130M)
CXA Group
(2013, Singapore, $58.0M)
Intellect
(2019, Singapore, $22.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
HealthifyMe (2012, Singapore)
$30.0M - Series C - Jun 2023
Aktivolabs (2017, Singapore)
$10.0M - Series A - Dec 2022
NOVI (2018, Singapore)
$5.0M - Series A - Nov 2022
CHOYS (2022, Singapore)
$1.1M - Seed - Aug 2023
Intellect (2019, Singapore)
Undisclosed - Series A - Mar 2023

24. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Fiat On Ramp - Singapore
16
24
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$45.5M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$97.6M
3
-
3
2
Cryptocurrencies (Sygnum)
(# Cos: 922 | $2.3B)
Financial Services (Amber Group)
(# Cos: 678 | $1.9B)
Investment Industry (Cobo)
(# Cos: 433 | $814M)
Trading Enablers (Kingswap)
(# Cos: 42 | $129M)
Fiat On Ramp (Poko)
(# Cos: 3 | $97.6M)
Poko
(2021, Singapore, $4.6M)
Kingswap
(2020, Singapore, $20.0M)
XanPool
(2018, Singapore, $73.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
XanPool (2018, Singapore)
$41.0M - Series B - Nov 2022
Poko (2021, Singapore)
$4.5M - Seed - Jun 2023

25. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Digital Symptom Apps - Singapore
17
25
Back to index
Disease Self Management (Intellect)
(# Cos: 144 | $136M)
Symptom Checkers (Ubie)
(# Cos: 4 | $76.1M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$45.2M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$76.1M
2
-
4
1
Ubie
(2017, Singapore, $76.0M)
Zealth-AI
(2020, Singapore, $125K)
TraceTogether
(2020, Singapore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ubie (2017, Singapore)
$19.0M - Series C - Dec 2022
$26.2M - Series C - Aug 2022

26. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Capillary (2008, Singapore)
$45.0M - Series D - Jun 2023
In-Store Customer Loyalty Program -
Singapore
18
26
Back to index
In Store Retail Tech (Trax)
(# Cos: 141 | $1.3B)
Customer Experience Management (Pi-xcels)
(# Cos: 14 | $144M)
Loyalty Management (Capillary)
(# Cos: 6 | $144M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$45.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$144M
1
-
6
1
Capillary
(2008, Singapore, $144M)
CandyBar
(2015, Singapore)
Eber
(2015, Singapore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

27. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Enterprise Communication and
Collaboration - Singapore
19
27
Back to index
Enterprise Collaboration (Taskade)
(# Cos: 122 | $110M)
Communication (SEDNA)
(# Cos: 43 | $104M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$42.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$104M
10
-
43
2
SEDNA
(2017, Singapore, $86.0M)
Toku
(2018, Singapore, $11.2M)
Pie
(2013, Singapore, $2.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
SEDNA (2017, Singapore)
$42.0M - Series C - Jul 2023

28. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Card Linked Loyalty Program - Singapore
20
28
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$35.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$35.0M
1
-
1
1
Loyalty Software (Capillary)
(# Cos: 57 | $184M)
Coalition Loyalty (SeaMiles)
(# Cos: 18 | $35.0M)
Multi Industry (MyAladdinz)
(# Cos: 15 | $35.0M)
Payment Card Linked (utu)
(# Cos: 1 | $35.0M)
utu
(2015, Singapore, $35.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
utu (2015, Singapore)
$35.0M - Series B - Jun 2023

29. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Data Security - Singapore
21
29
Back to index
Cybersecurity (Acronis)
(# Cos: 291 | $956M)
Data Security (Beosin)
(# Cos: 79 | $55.9M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$33.5M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$55.9M
23
-
79
4
Beosin
(2018, Singapore, $20.0M)
Toku
(2018, Singapore, $11.2M)
Pie
(2013, Singapore, $2.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Beosin (2018, Singapore)
$20.0M - Series A - Nov 2022
SquareX (2023, Singapore)
$6.0M - Seed - May 2023
VerifyVASP (2019, Singapore)
$5.0M - Series A - Sep 2022
Mind Network (2022, Singapore)
$2.5M - Seed - Jun 2023

30. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
HealthifyMe (2012, Singapore)
$30.0M - Series C - Jun 2023
Personalized Nutrition Platforms -
Singapore
22
30
Back to index
Food Tech (Chope)
(# Cos: 357 | $632M)
Nutrition (Foodingo)
(# Cos: 3 | $130M)
Personalized Nutrition (HealthifyMe)
(# Cos: 2 | $130M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$30.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$130M
1
-
2
1
HealthifyMe
(2012, Singapore, $130M)
Nutrify Meals
(2019, Singapore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

31. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Healthcare Booking Platforms -
Singapore
23
31
Back to index
Healthcare Booking Platforms (Doctor Anywhere)
(# Cos: 188 | $298M)
Diversified (Speedoc)
(# Cos: 8 | $38.0M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$28.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$38.0M
2
-
8
2
Speedoc
(2017, Singapore, $33.0M)
SingHealth
(2001, Singapore)
Ordinary Folk
(2020, Singapore, $5.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Speedoc (2017, Singapore)
$28.0M - Series A - Nov 2022

32. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Alternative Bio (Singapore)
$15.0M - Seed - Dec 2022
SCG (2017, Singapore)
$8.1M - Series C - Apr 2023
Albatroz Therapeu.. (2020, Singapore)
$3.0M - Seed - May 2023
DotBio (2018, Singapore)
Undisclosed - Seed - Aug 2023
Oncology Drugs - Singapore
24
32
Back to index
Oncology (Mirxes)
(# Cos: 41 | $898M)
Drugs (Hummingbird Bioscience)
(# Cos: 30 | $641M)
Diversified (Tessa)
(# Cos: 24 | $327M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$26.1M (▼84.5%)
4(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$327M
12
-
24
2
Tessa
(2011, Singapore, $256M)
AUM Biosciences
(2018, Singapore, $28.5M)
SCG
(2017, Singapore, $8.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

33. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Electric Motorcycle Manufacturers -
Singapore
25
33
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$25.4M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$45.1M
2
-
2
2
Electric Vehicles (Neuron)
(# Cos: 72 | $373M)
Automaker (AVEVAI)
(# Cos: 35 | $45.1M)
Two Wheelers (Scorpio Electric)
(# Cos: 7 | $45.1M)
Motorcycles (ION Mobility)
(# Cos: 2 | $45.1M)
ION Mobility
(2019, Singapore, $28.8M)
Scorpio Electric
(2017, Singapore, $16.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ION Mobility (2019, Singapore)
$18.7M - Series A - Feb 2023
Scorpio Electric (2017, Singapore)
$6.8M - Series B - Jan 2023

34. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Blockchain Networks - Singapore
26
34
Back to index
Blockchain Infrastructure (MathWallet)
(# Cos: 334 | $887M)
Blockchain Network (Terra)
(# Cos: 114 | $566M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$25.0M (▼92.9%)
4(▼63.6%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$566M
59
-
114
12
Terra
(2018, Singapore, $125M)
Avalanche
(2020, Singapore)
TRON
(2017, Singapore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
QLC Chain (2017, Singapore)
$15.0M - Series B - Sep 2022
Particle Network (2019, Singapore)
$7.0M - Seed - Mar 2023
0xScope (2022, Singapore)
$3.0M - Seed - Sep 2022
Oasys (2021, Singapore)
Undisclosed - Seed - Dec 2022

35. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Payments - Singapore
27
35
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$25.0M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$25.0M
3
-
10
3
Cryptocurrencies (Sygnum)
(# Cos: 922 | $2.3B)
Financial Services (Amber Group)
(# Cos: 678 | $1.9B)
Payments (Space Id)
(# Cos: 53 | $48.0M)
Diversified (Alchemy Pay)
(# Cos: 10 | $25.0M)
Alchemy Pay
(2018, Singapore, $10.0M)
Space Id
(2022, Singapore, $10.0M)
Headquarters
(2022, Singapore, $5.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Alchemy Pay (2018, Singapore)
$10.0M - Series A - Apr 2023
Space Id (2022, Singapore)
$10.0M - Series A - Feb 2023
Undisclosed - Seed - Sep 2022
Headquarters (2022, Singapore)
$5.0M - Seed - Sep 2022

36. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
P2P Online Used Car Marketplace -
Singapore
28
36
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$25.0M (▼79.6%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$627M
1
-
4
1
Auto E-Commerce & Content (Vouch)
(# Cos: 98 | $629M)
Second Hand Vehicles (Motorist)
(# Cos: 36 | $628M)
Cars (sgCarMart)
(# Cos: 26 | $628M)
P2P Marketplace (Carro)
(# Cos: 4 | $627M)
Carro
(2015, Singapore, $627M)
BlocVehicle
(2018, Singapore)
Sell Any Cars SINGAPORE
(2017, Singapore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Carro (2015, Singapore)
$25.0M - Series C - Jun 2023
Undisclosed - Series C - Feb 2023

37. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
SMB Accounting Software - Singapore
29
37
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$25.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$89.3M
5
-
36
2
Finance & Accounting Tech (Qapita)
(# Cos: 168 | $377M)
Accounting Solutions (Spenmo)
(# Cos: 103 | $240M)
Accounting Suite (Volopay)
(# Cos: 42 | $92.8M)
SMBs (Osome)
(# Cos: 36 | $89.3M)
Osome
(2017, Singapore, $58.0M)
Volopay
(2020, Singapore, $31.3M)
transparently.ai
(2021, Singapore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Osome (2017, Singapore)
$25.0M - Series B - Dec 2022

38. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
IoT for smart cities - Singapore
30
38
Back to index
Internet of Things Infrastructure (Envision Digital)
(# Cos: 70 | $278M)
IoT Stack (UnaBiz)
(# Cos: 6 | $61.3M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$25.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$61.3M
4
-
6
1
UnaBiz
(2016, Singapore, $60.0M)
SpaceAge Labs
(2016, Singapore, $1.3M)
Skylab
(2015, Singapore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
UnaBiz (2016, Singapore)
$25.0M - Series B - Dec 2022

39. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Collaborative Music Production
Software - Singapore
31
39
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$25.0M (▼78.8%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$143M
1
-
1
1
Music Tech (Popsical)
(# Cos: 83 | $164M)
Music Artist IT (Ghost)
(# Cos: 32 | $149M)
Music Creation (AudioStretch)
(# Cos: 9 | $147M)
Collaboration (BandLab)
(# Cos: 1 | $143M)
BandLab
(2014, Singapore, $143M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
BandLab (2014, Singapore)
$25.0M - Series B - May 2023

40. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Commercial Real Estate Listings -
Singapore
32
40
Back to index
Commercial Real Estate Tech (Deskimo)
(# Cos: 94 | $742M)
Listings (99 Group)
(# Cos: 32 | $643M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$22.6M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$643M
5
1
32
3
99 Group
(2014, Singapore, $88.5M)
PropertyGuru
(2007, Singapore, $543M)
EdgeProp
(2015, Singapore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
99 Group (2014, Singapore)
$11.0M - Series C - Mar 2023
MOGUL.sg (2016, Singapore)
$6.6M - Series A - Nov 2022
Pastech (Singapore)
$5.0M - Series A - Nov 2022

41. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Gene Therapeutics - Singapore
33
41
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$22.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$62.9M
3
-
4
1
Genomics (Mirxes)
(# Cos: 74 | $347M)
Applied Genomics (Novena Global Lifecare)
(# Cos: 37 | $139M)
Clinical Genomics (Vela Diagnostics)
(# Cos: 22 | $119M)
Therapeutics (Medisix
Therapeutics)
(# Cos: 4 | $62.9M)
Medisix Therapeutics
(2017, Singapore, $62.9M)
Proteona
(2016, Singapore)
Lambdagen Therapeutics
(2018, Singapore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Medisix Therapeut.. (2017, Singapore)
$22.5M - Series B - Aug 2023

42. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Exchanges - Singapore
34
42
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$21.0M (▼74.5%)
5(▼37.5%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$157M
40
-
188
5
Cryptocurrencies (Sygnum)
(# Cos: 922 | $2.3B)
Financial Services (Amber Group)
(# Cos: 678 | $1.9B)
Investment Industry (Cobo)
(# Cos: 433 | $814M)
Crypto Exchanges (Kyber Network)
(# Cos: 188 | $157M)
Kyber Network
(2017, Singapore)
CoinHako
(2014, Singapore, $10.0M)
Zipmex
(2018, Singapore, $62.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
zkLink (2019, Singapore)
$10.0M - Series B - May 2023
krypton (2021, Singapore)
$7.0M - Seed - Sep 2022
Meson (2021, Singapore)
$4.0M - Series A - Aug 2022
Vertex (2021, Singapore)
Undisclosed - Seed - Jun 2023
OpenEx (2022, Singapore)
Undisclosed - Seed - Jul 2023

43. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Lithium Battery Recycling - Singapore
35
43
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$20.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$41.1M
1
-
1
1
Solid Waste Management Tech (Blue Planet)
(# Cos: 26 | $62.3M)
Recycling (ACE)
(# Cos: 7 | $54.8M)
Technology Providers (RESQ)
(# Cos: 2 | $41.1M)
Lithium Recycling (Green Li-ion)
(# Cos: 1 | $41.1M)
Green Li-ion
(2020, Singapore, $41.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Green Li-ion (2020, Singapore)
$20.5M - Series A - Mar 2023

44. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
NFT Marketplaces - Singapore
36
44
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$20.1M ( -- )
8( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$67.5M
16
-
51
2
Investment Tech (Endowus)
(# Cos: 606 | $1.4B)
Alternative Investment Platforms (OurCrowd)
(# Cos: 216 | $494M)
Non Fungible Tokens (Rario)
(# Cos: 104 | $216M)
Marketplaces (Digital
Entertainment Asset)
(# Cos: 51 | $67.5M)
Digital Entertainment ..
(2018, Singapore, $22.0M)
Mintable
(2018, Singapore, $18.7M)
Our Happy Company
(2018, Singapore, $7.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Digital Entertain.. (2018, Singapore)
Undisclosed - Seed - Aug 2023
$10.0M - Seed - Dec 2022
Joepegs (2018, Singapore)
$5.0M - Seed - Nov 2022
Read2N (2022, Singapore)
$2.0M - Seed - Dec 2022
NF3 (2022, Singapore)
$1.6M - Seed - Dec 2022
UnUniFi (2021, Singapore)
$1.5M - Seed - Dec 2022
Beacon Global (2021, Singapore)
Undisclosed - Seed - Sep 2022
View all 8 Funding Rounds on Tracxn Platform

45. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
E-Commerce Software - Singapore
37
45
Back to index
E-Commerce Enablers (AnyMind Group)
(# Cos: 175 | $1.7B)
Ecommerce Software Suite (Trax)
(# Cos: 42 | $1.3B)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$20.0M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
8
$1.3B
16
1
42
3
Trax
(2010, Singapore, $1.0B)
AnyMind Group
(2016, Singapore, $91.7M)
TradeGecko
(2012, Singapore, $17.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Reflaunt (2017, Singapore)
$11.0M - Series A - Aug 2022
Plugo (2022, Singapore)
$9.0M - Series A - Dec 2022
Proxtera (2020, Singapore)
Undisclosed - Seed - Mar 2023

46. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Helio Protocol (2022, Singapore)
$10.0M - Series A - Aug 2023
CNHC (2020, Singapore)
$10.0M - Series A - Mar 2023
Stablecoins - Singapore
38
46
Back to index
Cryptocurrencies (Amber Group)
(# Cos: 922 | $2.3B)
Coins (TiTi)
(# Cos: 100 | $167M)
Stable Coins (Terra)
(# Cos: 26 | $158M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$20.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$158M
9
-
26
3
Terra
(2018, Singapore, $125M)
TiTi
(2020, Singapore, $3.5M)
CACHE Gold
(2018, Singapore, $1.4M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

47. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Mobile Casual Game Developers -
Singapore
39
47
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$20.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$42.5M
8
-
79
3
Mobile Gaming (Mighty Bear Games)
(# Cos: 174 | $199M)
Game Developers (IGG)
(# Cos: 135 | $76.8M)
Casual (Inzen Studio)
(# Cos: 94 | $42.5M)
Multi Genre (SuperGaming)
(# Cos: 79 | $42.5M)
SuperGaming
(2017, Singapore, $6.8M)
Inzen Studio
(2012, Singapore, $1.3M)
Pomerium
(2021, Singapore, $20.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Pomerium (2021, Singapore)
$20.0M - Angel - May 2023
SuperGaming (2017, Singapore)
Undisclosed - Series A - Mar 2023

48. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Online Crypto Payment Solutions -
Singapore
40
48
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$18.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$19.0M
5
-
22
1
Cryptocurrencies (Sygnum)
(# Cos: 922 | $2.3B)
Financial Services (Amber Group)
(# Cos: 678 | $1.9B)
Payments (Alchemy Pay)
(# Cos: 53 | $48.0M)
Business Payments (TripleA)
(# Cos: 32 | $23.0M)
Online Payments (dtcpay)
(# Cos: 22 | $19.0M)
dtcpay
(2019, Singapore, $16.5M)
Suterusu
(2019, Singapore)
MugglePay
(2019, Singapore, $1.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
dtcpay (2019, Singapore)
$16.5M - Seed - Jun 2023
Slash Fintech (2022, Singapore)
$1.5M - Seed - Dec 2022

49. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Trading Platforms -
Singapore
41
49
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$17.7M (▼69.4%)
3( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$82.8M
18
-
95
3
Cryptocurrencies (Sygnum)
(# Cos: 922 | $2.3B)
Financial Services (Amber Group)
(# Cos: 678 | $1.9B)
Investment Industry (Cobo)
(# Cos: 433 | $814M)
Online Trading Platforms (AscendEX)
(# Cos: 153 | $214M)
Regular Trading (Bybit)
(# Cos: 95 | $82.8M)
Bybit
(2018, Singapore)
AscendEX
(2018, Singapore, $50.0M)
MEXC Global
(2018, Singapore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
DigiFT (2021, Singapore)
$10.5M - Seed - Feb 2023
KTX Finance (2022, Singapore)
$4.0M - Seed - Jul 2023
UXUY Protocol (2022, Singapore)
$3.2M - Seed - Apr 2023

50. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
LionsBot (2018, Singapore)
$17.0M - Series A - Jan 2023
Commercial Cleaning Robots - Singapore
42
50
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Professional Service Robots (Botsync)
(# Cos: 55 | $66.8M)
Cleaning (Globotix)
(# Cos: 4 | $17.0M)
Commercial Maintenance (LionsBot)
(# Cos: 4 | $17.0M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$17.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$17.0M
1
-
4
1
LionsBot
(2018, Singapore, $17.0M)
Globotix
(2016, Singapore)
HiveBotics
(2022, Singapore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

51. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
TazaPay (2020, Singapore)
$16.9M - Series A - Feb 2023
SUNRATE (2016, Singapore)
Undisclosed - Series D - Jun 2023
B2B Online Remittance - Singapore
43
51
Back to index
Digital Remittance (NIUM)
(# Cos: 84 | $697M)
Internet First Platforms (YouTrip)
(# Cos: 62 | $190M)
B2B Remittance (SUNRATE)
(# Cos: 12 | $25.5M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$16.9M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$25.5M
4
-
12
0
SUNRATE
(2016, Singapore)
TazaPay
(2020, Singapore, $21.9M)
EximPe
(2021, Singapore, $3.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

52. Singapore Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
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Singapore Tech - Top Business Models Report
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