We are back with our latest report on top #BusinessModels in based on #Tracxn's #proprietary #taxonomy https://tracxn.com/platform/file-manager/file/ZmlsZUlkPVM4dk1Sa0E0SnBLWlVvQ2pOZ3pSbVhNYzFQYWhOdW1xay1oMkZ5a05sZms%3D Get our free reports on geo of your interest to your mailbox regularly

1. TRACXN TOP BUSINESS MODELS REPORT
October 19, 2023
SINGAPORE TECH

2. Singapore Tech - Top Business Models Report Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Contents
Singapore Tech Funding
OverviewSingapore Tech
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
Cryptocurrencies $528M
Insurance IT $246M
Healthcare IT $124M
Imaging Diagnostics $119M
Banking Tech $115M
Digital Remittance $88.9M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Antler
Tenity
Arcane Group
12
7
6
Early
Stage
Seeds Capital
Antler
Enterprise Singapore
8
3
3
Late
Stage
EDBI
Peak XV Partners
Westpac
3
2
2
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
Amber Group
(2017, Singapore)
$300M - Series C
Bolttech
(2020, Singapore)
$196M - Series B
TauRx
(2002, Singapore)
$119M - Series E
Aspire
(2015, Singapore)
$100M - Series C
Advance Intelligence G..
(2016, Singapore)
$80.0M - Series E
Thunes
(2016, Singapore)
$72.0M - Series C
Bolttech
(2020, Singapore)
$50.0M - Series B
Mirxes
(2014, Singapore)
$50.0M - Series D
Vetreska Future Pet Food
(2022, Singapore)
$50.0M - Series C
AirCarbon
(2019, Singapore)
$50.0M - Series B
Holmusk
(2015, Singapore)
$45.0M - Series B
Capillary
(2008, Singapore)
$45.0M - 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-- Insurance as a Service Platfom $246M 2 Bolttech | $196M | Series B Link
2-- Diagnostic Imaging Accessories $119M 1 TauRx | $119M | Series E Link
3-- Business banking partnership platforms $100M 1 Aspire | $100M | Series C Link
4-- Internet First Loan Marketplace $80.0M 1 Advance Inte.. | $80.0M | Series E Link
5-- Clinical Decision Support $76.3M 3 Holmusk | $45.0M | Series B Link
6-- Remittance Softwares for MTOs $72.0M 1 Thunes | $72.0M | Series C Link
7-- Carbon Credit Trading Platform $66.5M 4 AirCarbon | $50.0M | Series B Link
8▲7 Employee Benefits Software $56.5M 6 HealthifyMe | $30.0M | Series C Link
9▲13 Cancer Diagnostic Tests $50.0M 1 Mirxes | $50.0M | Series D Link
10-- D2C Pet Supplies Brands $50.0M 1 Vetreska Fut.. | $50.0M | Series C 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-- Teleconsultation for Patients $49.7M 3 Doctor Anywh.. | $38.8M | Series C Link
12-- Customer Data Platform $45.0M 2 Capillary | $45.0M | Series D Link
13-- Unified Communication and Collaboration $42.0M 1 SEDNA | $42.0M | Series C Link
14-- Card Linked Loyalty Program $35.0M 1 utu | $35.0M | Series B Link
15▼6 Oncology Drugs $31.7M 4 Alternative Bio | $15.0M | Seed Link
16▼11 E-Commerce Rollups $30.0M 1 Una Brands | $30.0M | Series B Link
17-- Fitness and Wellness Platforms $30.0M 1 HealthifyMe | $30.0M | Series C Link
18-- Mobile Casual Game Developers $29.0M 4 Pomerium | $20.0M | Angel Link
19-- Refurbished Electronics Marketplace $29.0M 1 Reebelo | $29.0M | Series A Link
20▲9 Cryptocurrency Trading Platforms $28.4M 5 DigiFT | $10.5M | Seed 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-- Healthcare Booking Platforms $28.0M 1 Speedoc | $28.0M | Series A Link
22-- Electric Motorcycle Manufacturers $25.4M 2 ION Mobility | $18.7M | Series A Link
23-- SMB Accounting Software $25.1M 2 Osome | $25.0M | Series B Link
24▼14 P2P Used Car Marketplace $25.0M 2 Carro | $25.0M | Series C Link
25-- IoT for smart cities $25.0M 1 UnaBiz | $25.0M | Series B Link
26▼13 Collaborative Music Production Software $25.0M 1 BandLab | $25.0M | Series B Link
27▲9 Commercial Real Estate Listings $22.6M 3 99 Group | $11.0M | Series C Link
28-- Gene Therapeutics $22.5M 1 Medisix Ther.. | $22.5M | Series B Link
29-- Blockchain Security $21.1M 3 Beosin | $20.0M | Series A Link
30-- Lithium Battery Recycling $20.5M 1 Green Li-ion | $20.5M | Series A 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-- Crypto Stable Coins $20.0M 2 Helio Protocol | $10.0M | Series A Link
32-- Renal Dialysis Equipment $20.0M 1 AWAK | $20.0M | Series B Link
33-- Commercial Cleaning Robots $17.0M 1 LionsBot | $17.0M | Series A Link
34-- B2B Online Remittance $16.9M 2 TazaPay | $16.9M | Series A Link
35-- Internet-First Foreign Currency Exchanges $16.5M 1 dtcpay | $16.5M | Seed Link
36-- In-Store POS Solutions $15.0M 2 Qashier | $10.0M | Series A Link
37-- Station Based $14.9M 1 GetGo | $14.9M | Series B Link
38-- Fulfillment Enablers $13.0M 2 Locad | $11.0M | Series A Link
39-- Distribution Networks $12.5M 2 Mystifly | $8.0M | Series A Link
40-- Congestive Heart Failure Drugs $11.6M 1 Nuevocor | $11.6M | Series B 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-- Electric 2W Battery Swapping $10.8M 1 Oyika | $10.8M | Series B 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
Insurance as a Service Platfom -
Singapore
01
9
Back to index
Insurance IT (EBaoTech)
(# Cos: 59 | $599M)
Insurance as a Service (Bolttech)
(# Cos: 1 | $493M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$246M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$493M
1
-
1
1
Bolttech
(2020, Singapore, $493M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Bolttech (2020, Singapore)
$50.0M - Series B - Sep 2023
$196M - Series B - May 2023

10. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Diagnostic Imaging Accessories -
Singapore
02
10
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

11. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Business banking partnership platforms
- Singapore
03
11
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$100M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$204M
2
-
3
2
Banking Tech (CredoLab)
(# Cos: 140 | $1.3B)
Internet First Banks (TONIK)
(# Cos: 22 | $580M)
Through Bank Partnerships (Leap
Finance)
(# Cos: 10 | $357M)
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

12. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Internet First Loan Marketplace -
Singapore
04
12
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$80.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$718M
4
-
10
1
Alternative Lending (Leap Finance)
(# Cos: 238 | $1.8B)
Online Lenders (Funding Societies)
(# Cos: 153 | $1.3B)
Diversified (Lend East)
(# Cos: 22 | $718M)
Marketplace (Advance Intelligence
Group)
(# Cos: 10 | $718M)
Advance Intelligence G..
(2016, Singapore, $700M)
Lend East
(2018, Singapore)
SDAX Financial
(2016, Singapore, $17.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Advance Intellige.. (2016, Singapore)
$80.0M - Series E - May 2023

13. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Clinical Decision Support - Singapore
05
13
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$76.3M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$111M
2
-
4
0
Healthcare IT (Healint)
(# Cos: 296 | $318M)
Provider (Docquity)
(# Cos: 194 | $274M)
Clinical Operations (MY01)
(# Cos: 61 | $169M)
Decision Support (Us2.ai)
(# Cos: 61 | $169M)
Suite Solutions (Mito Health)
(# Cos: 8 | $111M)
Generic (Holmusk)
(# Cos: 4 | $111M)
Holmusk
(2015, Singapore, $109M)
Mito Health
(2023, Singapore, $1.3M)
CueZen
(2021, Singapore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Holmusk (2015, Singapore)
$30.0M - Series B - Oct 2023
$45.0M - Series B - Jan 2023
Mito Health (2023, Singapore)
$1.3M - Seed - Apr 2023

14. 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
Remittance Softwares for MTOs -
Singapore
06
14
Back to index
Digital Remittance (YouTrip)
(# Cos: 88 | $737M)
Enablers (NIUM)
(# Cos: 13 | $544M)
Software for MTOs (Thunes)
(# Cos: 6 | $212M)
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
$212M
2
-
6
1
Thunes
(2016, Singapore, $212M)
Wallex
(2015, Singapore)
Biz4x
(2012, Singapore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

15. 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
URECA (2021, Singapore)
$1.5M - Seed - Nov 2022
Handprint (2019, Singapore)
Undisclosed - Seed - Dec 2022
Carbon Credit Trading Platform -
Singapore
07
15
Back to index
Air Pollution Management Tech (Unravel Carbon)
(# Cos: 38 | $89.2M)
Carbon Management (Handprint)
(# Cos: 21 | $88.0M)
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
$66.5M ( -- )
4( -- )
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.

16. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Employee Benefits Software - Singapore
08
16
Back to index
HRTech (Glints)
(# Cos: 658 | $693M)
Employee Benefits (HealthifyMe)
(# Cos: 46 | $395M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$56.5M (▼52.6%)
6(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$395M
20
1
46
9
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
MiyaHealth (2018, Singapore)
$10.4M - Seed - Aug 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

17. 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 Diagnostic Tests - Singapore
09
17
Back to index
Oncology (Hummingbird Bioscience)
(# Cos: 41 | $904M)
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
5
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.

18. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
D2C Pet Supplies Brands - 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
$50.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$50.0M
1
-
2
0
Pet Tech (ZumVet)
(# Cos: 88 | $55.9M)
Pet Supplies Ecommerce (Perro Box)
(# Cos: 69 | $52.2M)
Horizontal (Perromart)
(# Cos: 46 | $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

19. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Teleconsultation for Patients - Singapore
11
19
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$49.7M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$156M
6
-
32
1
Healthcare Booking Platforms (Speedoc)
(# Cos: 192 | $313M)
Doctors (DocDoc)
(# Cos: 88 | $220M)
Telemedicine (MDsquare)
(# Cos: 54 | $180M)
Teleconsultation (Intellect)
(# Cos: 53 | $180M)
Diversified (Doctor Anywhere)
(# Cos: 32 | $156M)
Doctor Anywhere
(2015, Singapore, $143M)
MDsquare
(2016, Singapore, $1.9M)
Good Doctor
(2019, Singapore, $10.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Doctor Anywhere (2015, Singapore)
$38.8M - Series C - Dec 2022
Good Doctor (2019, Singapore)
$10.0M - Series A - Oct 2023
EUDA (2003, Singapore)
$940K - Seed - May 2023

20. 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
Antsomi (2020, Singapore)
Undisclosed - Seed - Aug 2023
Customer Data Platform - Singapore
12
20
Back to index
MarketingTech (TO THE NEW)
(# Cos: 471 | $415M)
Marketing Data Platforms (Gimmie)
(# Cos: 19 | $147M)
Customer Data Platforms (Capillary)
(# Cos: 17 | $147M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$45.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$147M
8
-
17
1
Capillary
(2008, Singapore, $144M)
Gimmie
(2011, Singapore, $1.9M)
Antsomi
(2020, 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
Unified Communication and
Collaboration - Singapore
13
21
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

22. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Card Linked Loyalty Program - 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
$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
(2016, Singapore, $35.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
utu (2016, Singapore)
$35.0M - Series B - Jun 2023

23. 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
DotBio (2018, Singapore)
$5.6M - Seed - Aug 2023
Albatroz Therapeu.. (2020, Singapore)
$3.0M - Seed - May 2023
Oncology Drugs - Singapore
15
23
Back to index
Oncology (Mirxes)
(# Cos: 41 | $904M)
Drugs (Hummingbird Bioscience)
(# Cos: 30 | $646M)
Diversified (Tessa)
(# Cos: 24 | $332M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$31.7M (▼77.5%)
4(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$332M
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.

24. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
E-Commerce Rollups - Singapore
16
24
Back to index
Brands Tech (AnyMind Group)
(# Cos: 32 | $482M)
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
$30.0M (▼84.3%)
1(▼80%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$289M
7
-
7
3
Una Brands
(2017, Singapore, $115M)
Neso Brands
(2022, Singapore, $100M)
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

25. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Fitness and Wellness Platforms -
Singapore
17
25
Back to index
Fitness & Wellness Tech (Mobio Interactive)
(# Cos: 188 | $138M)
Diversified (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)
DonnaWell
(2019, Singapore)
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

26. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Mobile Casual Game Developers -
Singapore
18
26
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$29.0M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$51.5M
10
-
82
3
Mobile Gaming (Mighty Bear Games)
(# Cos: 179 | $208M)
Game Developers (IGG)
(# Cos: 138 | $85.8M)
Casual (Pomerium)
(# Cos: 97 | $51.5M)
Multi Genre (SuperGaming)
(# Cos: 82 | $51.5M)
SuperGaming
(2017, Singapore, $6.8M)
Pomerium
(2021, Singapore, $20.0M)
Inzen Studio
(2012, Singapore, $1.3M)
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
GamePhilos (2022, Singapore)
$8.0M - Seed - Sep 2023
KometGames (2022, Singapore)
$1.0M - Seed - Aug 2023
SuperGaming (2017, Singapore)
Undisclosed - Series A - Mar 2023

27. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Refurbished Electronics Marketplace -
Singapore
19
27
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$29.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$50.2M
1
-
1
1
Consumer Electronics E-Commerce (Rotimatic)
(# Cos: 102 | $125M)
Second Hand (PhoneSwap)
(# Cos: 12 | $50.2M)
Multi Category (OneStopMobile)
(# Cos: 12 | $50.2M)
Marketplace (HardwareZone)
(# Cos: 7 | $50.2M)
Refurbished (Reebelo)
(# Cos: 1 | $50.2M)
Reebelo
(2019, Singapore, $50.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Reebelo (2019, Singapore)
$29.0M - Series A - Feb 2023

28. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Trading Platforms -
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
$28.4M (▼54.1%)
5(▲66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$102M
20
-
103
4
Cryptocurrencies (Sygnum)
(# Cos: 964 | $2.3B)
Financial Services (Amber Group)
(# Cos: 708 | $1.9B)
Investment Industry (Cobo)
(# Cos: 452 | $852M)
Online Trading Platforms (Bybit)
(# Cos: 163 | $233M)
Regular Trading (AscendEX)
(# Cos: 103 | $102M)
AscendEX
(2018, Singapore, $50.0M)
Bybit
(2018, Singapore)
Phemex
(2016, Singapore, $3.5M)
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
Maverick (2021, Singapore)
$9.0M - Series B - Jun 2023
KTX Finance (2022, Singapore)
$4.0M - Seed - Jul 2023
UXUY Protocol (2022, Singapore)
$3.2M - Seed - Apr 2023
AlgoRai (2022, Singapore)
$1.7M - Seed - Jan 2023

29. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Healthcare Booking Platforms -
Singapore
21
29
Back to index
Healthcare Booking Platforms (Doctor Anywhere)
(# Cos: 192 | $313M)
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

30. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Electric Motorcycle Manufacturers -
Singapore
22
30
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 | $273M)
Automaker (Azura Marine)
(# 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

31. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
SMB Accounting Software - Singapore
23
31
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$25.1M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$89.4M
6
-
35
2
Finance & Accounting Tech (Qapita)
(# Cos: 176 | $395M)
Accounting Solutions (Spenmo)
(# Cos: 107 | $240M)
Accounting Suite (Volopay)
(# Cos: 41 | $92.9M)
SMBs (Osome)
(# Cos: 35 | $89.4M)
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
Paysaction (2023, Singapore)
$125K - Seed - Jun 2023

32. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
P2P Used Car Marketplace - Singapore
24
32
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 (Carzuno)
(# Cos: 98 | $629M)
Second Hand Vehicles (Motorist)
(# Cos: 35 | $628M)
Cars (sgCarMart)
(# Cos: 25 | $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

33. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
IoT for smart cities - Singapore
25
33
Back to index
Internet of Things Infrastructure (Envision Digital)
(# Cos: 71 | $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

34. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Collaborative Music Production
Software - Singapore
26
34
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: 84 | $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

35. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Commercial Real Estate Listings -
Singapore
27
35
Back to index
Commercial Real Estate Tech (JustCo)
(# Cos: 94 | $889M)
Listings (99 Group)
(# Cos: 32 | $790M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$22.6M (▼56.6%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$790M
5
1
32
3
99 Group
(2014, Singapore, $88.5M)
PropertyGuru
(2007, Singapore, $690M)
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

36. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Gene Therapeutics - 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
$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: 38 | $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

37. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Beosin (2018, Singapore)
$20.0M - Series A - Nov 2022
Portal Gate (2022, Singapore)
$1.1M - Seed - Jun 2023
Safeheron (2019, Singapore)
Undisclosed - Seed - Apr 2023
Blockchain Security - Singapore
29
37
Back to index
Blockchain Infrastructure (MathWallet)
(# Cos: 364 | $895M)
Enablers (AlphaWallet)
(# Cos: 34 | $68.3M)
Security (Merkle Science)
(# Cos: 17 | $61.1M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$21.1M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$61.1M
8
-
17
4
Merkle Science
(2018, Singapore, $25.6M)
Beosin
(2018, Singapore, $20.0M)
CYBAVO
(2018, Singapore, $4.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

38. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Lithium Battery Recycling - Singapore
30
38
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

39. 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
Crypto Stable Coins - Singapore
31
39
Back to index
Cryptocurrencies (Amber Group)
(# Cos: 964 | $2.3B)
Coins (TiTi)
(# Cos: 104 | $167M)
Stable Coins (Terra)
(# Cos: 27 | $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
-
27
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.

40. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Renal Dialysis Equipment - Singapore
32
40
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 ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$62.1M
4
-
4
1
Therapeutic Devices (UpperMed)
(# Cos: 4 | $62.1M)
Chronic Kidney Diseases (NephTech)
(# Cos: 4 | $62.1M)
Renal Replacement (Advent Access)
(# Cos: 4 | $62.1M)
Dialysis (AWAK)
(# Cos: 4 | $62.1M)
AWAK
(2007, Singapore, $60.0M)
Advent Access
(2015, Singapore, $1.9M)
NephTech
(2015, Singapore, $134K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
AWAK (2007, Singapore)
$20.0M - Series B - Sep 2023

41. 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
33
41
Back to index
Professional Service Robots (Botsync)
(# Cos: 56 | $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.

42. 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
34
42
Back to index
Digital Remittance (NIUM)
(# Cos: 88 | $737M)
Internet First Platforms (YouTrip)
(# Cos: 66 | $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
5
-
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.

43. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Internet-First Foreign Currency
Exchanges - 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
$16.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$16.5M
1
-
8
1
Forex Tech (4xLabs)
(# Cos: 36 | $90.0M)
Foreign Currency Services (YouTrip)
(# Cos: 21 | $90.0M)
Currency Exchanges (GET4X)
(# Cos: 14 | $28.5M)
Internet-First Providers (dtcpay)
(# Cos: 8 | $16.5M)
dtcpay
(2019, Singapore, $16.5M)
Fred
(2015, Singapore)
Thin Margin
(2016, Singapore)
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

44. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
In-Store POS Solutions - Singapore
36
44
Back to index
In Store Retail Tech (Trax)
(# Cos: 143 | $1.4B)
POS (Qashier)
(# Cos: 41 | $36.5M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$15.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$36.5M
4
-
41
3
Qashier
(2015, Singapore, $15.6M)
HitPay
(2016, Singapore, $15.9M)
iMin
(2018, Singapore, $5.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Qashier (2015, Singapore)
$10.0M - Series A - Aug 2023
iMin (2018, Singapore)
$5.0M - Seed - Sep 2023

45. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Station Based - Singapore
37
45
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$14.9M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$16.0M
2
-
19
0
Online Travel (Trip)
(# Cos: 373 | $657M)
Transportation (Easybook)
(# Cos: 50 | $29.5M)
Car (GetGo)
(# Cos: 27 | $20.2M)
Rental (Drive lah)
(# Cos: 26 | $20.2M)
Own Fleet (Smove)
(# Cos: 19 | $16.0M)
Station Based (BlueSG)
(# Cos: 19 | $16.0M)
BlueSG
(2017, Singapore)
Smove
(2011, Singapore, $1.1M)
GetGo
(2020, Singapore, $14.9M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
GetGo (2020, Singapore)
$14.9M - Series B - Feb 2023

46. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Locad (2020, Singapore)
$11.0M - Series A - Jan 2023
Amilo (2022, Singapore)
$2.0M - Seed - Nov 2022
Fulfillment Enablers - Singapore
38
46
Back to index
Logistics Tech (Grab)
(# Cos: 342 | $11.8B)
Ecommerce Logistics (Ninja Van)
(# Cos: 59 | $1.2B)
Fulfillment Enablers (Locad)
(# Cos: 17 | $46.9M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$13.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$46.9M
3
-
17
2
Locad
(2020, Singapore, $23.8M)
Parcelperform
(2016, Singapore, $21.1M)
AnyLogi
(2020, Singapore)
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
Mystifly (2009, Singapore)
$8.0M - Series A - Mar 2023
Trip Affiliates N.. (2015, Singapore)
$4.5M - Series A - Jun 2023
Distribution Networks - Singapore
39
47
Back to index
Online Travel (Trip)
(# Cos: 373 | $657M)
Technology Enablers (BeMyGuest)
(# Cos: 53 | $51.8M)
Distribution Networks (Mystifly)
(# Cos: 14 | $28.3M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$12.5M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$28.3M
5
-
14
0
Mystifly
(2009, Singapore, $16.3M)
Trip Affiliates Network
(2015, Singapore, $12.0M)
Pytheas Infosys
(2011, Singapore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

48. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Nuevocor (2021, Singapore)
$11.6M - Series B - Nov 2022
Congestive Heart Failure Drugs -
Singapore
40
48
Back to index
Cardiac and Vascular Disorders (Us2.ai)
(# Cos: 26 | $92.0M)
Drugs (Cargene Therapeutics)
(# Cos: 3 | $54.8M)
Heart Failure (Nuevocor)
(# Cos: 1 | $35.6M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$11.6M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$35.6M
1
-
1
1
Nuevocor
(2021, Singapore, $35.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

49. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Electric 2W Battery Swapping -
Singapore
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Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$10.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$10.8M
1
-
1
1
Electric Vehicles (Neuron)
(# Cos: 72 | $273M)
Charging Solutions (Xnergy)
(# Cos: 18 | $10.8M)
Station Network (SP Group)
(# Cos: 10 | $10.8M)
Two Wheelers (Oyika)
(# Cos: 1 | $10.8M)
Oyika
(2018, Singapore, $10.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Oyika (2018, Singapore)
$10.8M - Series B - Apr 2023

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