We are back with our latest report on top #BusinessModels in based on #Tracxn's #proprietary #taxonomy https://tracxn.com/platform/file-manager/file/ZmlsZUlkPTBmd3dWVFZTaE43YWx6SnhOOG95ZlB2VWNVNWhrZ0FBR3gxN2IzNDBwZVE%3D Get our free reports on geo of your interest to your mailbox regularly

1. TRACXN TOP BUSINESS MODELS REPORT
July 19, 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 $610M
Cybersecurity $323M
E-Commerce Enablers $233M
Coupons and Deals $230M
Insurance IT $196M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Entrepreneur First
Saison Capital
Seeds Capital
6
6
6
Early
Stage
Seeds Capital
Antler
Enterprise Singapore
8
3
3
Late
Stage
65 Equity Partners
EDBI
Endeavor
2
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
Acronis
(2003, Singapore)
$250M - Series C
Bolttech
(2020, Singapore)
$196M - Series B
SHEIN
(2008, Singapore)
$150M - Angel
TauRx
(2002, Singapore)
$119M - Series E
Insider
(2012, Singapore)
$105M - Series D
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
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▲4 Crypto Financial Services $300M 1 Amber Group | $300M | Series C Link
3-- Endpoint UTM $250M 1 Acronis | $250M | Series C Link
4-- Insurance as a Service Platfom $196M 2 Bolttech | $196M | Series B Link
5-- Diagnostic Imaging Accessories $119M 1 TauRx | $119M | Series E Link
6-- Crypto Hot Wallets $107M 3 MinePlex | $100M | Series C Link
7▲12 Personalized E-Commerce Marketing $105M 2 Insider | $105M | Series D Link
8▲32 Business Challenger Banks $100M 1 Aspire | $100M | Series C Link
9-- Commercial Real Estate Listings $74.6M 4 99 Group | $52.0M | Series C Link
10-- Software for Money Transfer Businesses $72.0M 1 Thunes | $72.0M | 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-- Carbon Credit Trading Platform $70.6M 5 AirCarbon | $50.0M | Series B Link
12▼7 E-Commerce Rollups $60.0M 2 Una Brands | $30.0M | Series B Link
13-- Graduate Job Boards $50.0M 1 Glints | $50.0M | Series D Link
14-- Online Pet Products $50.0M 1 Vetreska Fut.. | $50.0M | Series C Link
15-- Blockchain Security $47.1M 5 Beosin | $20.0M | Series A Link
16-- Clinical Decision Support Solutions $46.3M 2 Holmusk | $45.0M | Series B Link
17-- Fiat On Ramp $45.5M 2 XanPool | $41.0M | Series B Link
18-- Digital Symptom Apps $45.2M 2 Ubie | $26.2M | Series C Link
19▲4 Employee Benefits Software $45.0M 5 HealthifyMe | $30.0M | Series C Link
20-- In-Store Customer Loyalty Program $45.0M 1 Capillary | $45.0M | Series D 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-- $44.0M 1 Docquity | $44.0M | Series C Link
22-- E-Commerce Customer Intelligence Platforms $40.0M 1 Graas | $40.0M | Series A Link
23-- Card Linked Loyalty Program $35.0M 1 utu | $35.0M | Series B Link
24-- Data Security $33.5M 4 Beosin | $20.0M | Series A Link
25▲3 Personalized Nutrition Platforms $30.0M 1 HealthifyMe | $30.0M | Series C Link
26▲7 Business Payments Solutions $29.5M 3 dtcpay | $16.5M | Seed Link
27-- Healthcare Booking Platforms $28.0M 1 Speedoc | $28.0M | Series A Link
28-- Blockchain Networks $27.9M 5 QLC Chain | $15.0M | Series B Link
29-- Internet First Insurance Platforms $27.0M 1 Igloo | $27.0M | Series B Link
30▼28 Oncology Drugs $26.1M 3 Alternative Bio | $15.0M | Seed 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-- Electric Motorcycle Manufacturers $25.4M 2 ION Mobility | $18.7M | Series A Link
32-- E-Commerce Software $25.2M 4 Reflaunt | $11.0M | Series A Link
33-- Cryptocurrency Payments $25.0M 4 Alchemy Pay | $10.0M | Series A Link
34-- SMB Accounting Software $25.0M 1 Osome | $25.0M | Series B Link
35-- IoT for smart cities $25.0M 1 UnaBiz | $25.0M | Series B Link
36▼18 Collaborative Music Production Software $25.0M 1 BandLab | $25.0M | Series B Link
37-- Robo-Advisors in Wealth Management $22.7M 2 StashAway | $12.7M | Series D Link
38▼13 Cryptocurrency Exchanges $21.0M 4 zkLink | $10.0M | Series B Link
39-- Fulfillment Enablers $20.9M 3 Locad | $11.0M | Series A Link
40-- 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.

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-- Mobile Casual Game Developers $20.0M 2 Pomerium | $20.0M | Angel 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)
(# Cos: 576 | $4.4B)
B2C Commerce (ZALORA)
(# Cos: 539 | $3.5B)
Apparel (StyleTheory)
(# Cos: 215 | $3.3B)
Casual Wear (Ellysage)
(# Cos: 128 | $3.3B)
Multi Category (Anticlockwise)
(# 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
Crypto Financial Services - Singapore
02
10
Back to index
Cryptocurrencies (Matrixport)
(# Cos: 914 | $2.2B)
Financial Services (Sygnum)
(# Cos: 673 | $1.8B)
Diversified (Amber Group)
(# Cos: 95 | $773M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$300M (▼3%)
1(▼85.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$773M
26
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
Acronis (2003, Singapore)
$250M - Series C - Jul 2022
Endpoint UTM - Singapore
03
11
Back to index
Cybersecurity (Merkle Science)
(# Cos: 290 | $956M)
Endpoint Security (watchTowr)
(# Cos: 11 | $672M)
Endpoint UTM (Acronis)
(# Cos: 2 | $658M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$250M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$658M
1
-
2
1
Acronis
(2003, Singapore, $658M)
Infinite Cybersecurity
(2017, Singapore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

12. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Insurance as a Service Platfom -
Singapore
04
12
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

13. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Diagnostic Imaging Accessories -
Singapore
05
13
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

14. 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
06
14
Back to index
Cryptocurrencies (Amber Group)
(# Cos: 914 | $2.2B)
Wallet (MathWallet)
(# Cos: 82 | $198M)
Hot Wallets (imToken)
(# Cos: 53 | $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
-
53
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.

15. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Insider (2012, Singapore)
$105M - Series D - May 2023
Shoplinks (2019, Singapore)
Undisclosed - Seed - Nov 2022
Personalized E-Commerce Marketing -
Singapore
07
15
Back to index
E-Commerce Enablers (Trax)
(# Cos: 173 | $2.0B)
Marketing (Shoplinks)
(# Cos: 16 | $275M)
Personalized (Insider)
(# Cos: 4 | $275M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$105M (▼13.9%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$275M
3
-
4
1
Insider
(2012, Singapore, $274M)
Shoplinks
(2019, Singapore, $900K)
Minematic
(2013, 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
Business Challenger Banks - Singapore
08
16
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 (Crayon Data)
(# Cos: 139 | $1.2B)
Internet First Banks (TONIK)
(# Cos: 21 | $430M)
Through Bank Partnerships (Juno)
(# Cos: 10 | $208M)
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

17. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Commercial Real Estate Listings -
Singapore
09
17
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
$74.6M ( -- )
4( -- )
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
$52.0M - Series C - Jul 2022
MOGUL.sg (2016, Singapore)
$6.6M - Series A - Nov 2022
Pastech (Singapore)
$5.0M - Series A - Nov 2022

18. 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
10
18
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)
Aleta Planet
(2014, Singapore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

19. 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
11
19
Back to index
Air Pollution Management Tech (SEPPURE)
(# Cos: 34 | $106M)
Carbon Management (Handprint)
(# Cos: 20 | $104M)
Carbon Offset Trading Platforms
(AirCarbon)
(# Cos: 11 | $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
-
11
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.

20. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
E-Commerce Rollups - Singapore
12
20
Back to index
Brands Tech (Insider)
(# Cos: 34 | $758M)
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, $735K)
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

21. 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
13
21
Back to index
HRTech (HealthifyMe)
(# Cos: 643 | $559M)
Job Board (GrabJobs)
(# Cos: 172 | $101M)
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.

22. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Online Pet Products - 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
$50.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$50.0M
1
-
2
0
Pet Tech (ZumVet)
(# Cos: 84 | $55.9M)
Pet Supplies Ecommerce (Perro Box)
(# Cos: 65 | $52.2M)
Horizontal (Perromart)
(# Cos: 44 | $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

23. 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
Merkle Science (2018, Singapore)
$19.0M - Series B - Aug 2022
Safeheron (2019, Singapore)
Undisclosed - Seed - Apr 2023
$7.0M - Seed - Aug 2022
Portal Gate (2022, Singapore)
$1.1M - Seed - Jun 2023
Blockchain Security - Singapore
15
23
Back to index
Blockchain Infrastructure (MathWallet)
(# Cos: 308 | $555M)
Enablers (Beosin)
(# Cos: 24 | $67.1M)
Security (Merkle Science)
(# Cos: 15 | $61.1M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$47.1M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$61.1M
8
-
15
4
Merkle Science
(2018, Singapore, $25.6M)
Beosin
(2018, Singapore, $20.0M)
Automata Network
(2021, Singapore, $3.4M)
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
Clinical Decision Support Solutions -
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
$46.3M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$80.6M
2
-
4
0
Healthcare IT (Healint)
(# Cos: 292 | $262M)
Provider (Docquity)
(# Cos: 192 | $221M)
Clinical Operations (Qritive)
(# Cos: 59 | $127M)
Decision Support (Us2.ai)
(# Cos: 59 | $127M)
Suite Solutions (Mito Health)
(# Cos: 7 | $80.6M)
Generic (Holmusk)
(# Cos: 4 | $80.6M)
Holmusk
(2015, Singapore, $79.3M)
Mito Health
(2023, Singapore, $1.3M)
miBro
(2020, 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

25. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Fiat On Ramp - Singapore
17
25
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: 914 | $2.2B)
Financial Services (Amber Group)
(# Cos: 673 | $1.8B)
Investment Industry (Nansen)
(# Cos: 428 | $814M)
Trading Enablers (Kingswap)
(# Cos: 40 | $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

26. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Digital Symptom Apps - Singapore
18
26
Back to index
Disease Self Management (Intellect)
(# Cos: 143 | $153M)
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

27. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Employee Benefits Software - Singapore
19
27
Back to index
HRTech (Glints)
(# Cos: 643 | $559M)
Employee Benefits (HealthifyMe)
(# Cos: 42 | $262M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$45.0M (▼59.5%)
5(▼44.4%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$262M
19
1
42
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
MiyaHealth (2019, Singapore)
Undisclosed - Seed - Aug 2022
Intellect (2019, Singapore)
Undisclosed - Series A - Mar 2023

28. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Capillary (2012, Singapore)
$45.0M - Series D - Jun 2023
In-Store Customer Loyalty Program -
Singapore
20
28
Back to index
In Store Retail Tech (Trax)
(# Cos: 142 | $1.6B)
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
(2012, 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.

29. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
- Singapore
21
29
Back to index
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$44.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$57.5M
1
-
6
1
Healthcare IT (Us2.ai)
(# Cos: 292 | $262M)
Provider (Holmusk)
(# Cos: 192 | $221M)
Professional Network (Healthcode.io)
(# Cos: 11 | $57.5M)
Social Platform (Docquity)
(# Cos: 6 | $57.5M)
Docquity
(2015, Singapore, $57.5M)
Docquity
(2020, Singapore)
Medicquity
(2020, Singapore)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Docquity (2015, Singapore)
$44.0M - Series C - Aug 2022

30. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Graas (2021, Singapore)
$40.0M - Series A - Aug 2022
E-Commerce Customer Intelligence
Platforms - Singapore
22
30
Back to index
E-Commerce Enablers (Trax)
(# Cos: 173 | $2.0B)
Analytics (Lifesight)
(# Cos: 11 | $43.0M)
Customer Intelligence (Graas)
(# Cos: 3 | $42.0M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$40.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$42.0M
3
-
3
1
Graas
(2021, Singapore, $40.0M)
Lifesight
(2017, Singapore, $2.0M)
Plus Margin
(2015, 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
Card Linked Loyalty Program - 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
$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 (Connectupz)
(# 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

32. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Data Security - Singapore
24
32
Back to index
Cybersecurity (Acronis)
(# Cos: 290 | $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)
SquareX
(2023, Singapore, $6.0M)
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

33. 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
25
33
Back to index
Food Tech (Chope)
(# Cos: 351 | $625M)
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 (▼60%)
1( <> 0% )
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.

34. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
dtcpay (2019, Singapore)
$16.5M - Seed - Jun 2023
FOMO Pay (2014, Singapore)
$13.0M - Series A - Aug 2022
Suberra (2008, Singapore)
Undisclosed - Seed - Oct 2022
Business Payments Solutions - Singapore
26
34
Back to index
Payments (Volopay)
(# Cos: 252 | $1.6B)
Business Payments (Coda Payments)
(# Cos: 148 | $1.0B)
Diversified (2C2P)
(# Cos: 36 | $193M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$29.5M (▼50.8%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$193M
10
1
36
2
2C2P
(2003, Singapore, $85.0M)
MC Payment
(2005, Singapore, $8.0M)
FOMO Pay
(2014, Singapore, $13.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

35. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Healthcare Booking Platforms -
Singapore
27
35
Back to index
Healthcare Booking Platforms (Doctor Anywhere)
(# Cos: 187 | $296M)
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

36. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Blockchain Networks - Singapore
28
36
Back to index
Blockchain Infrastructure (MathWallet)
(# Cos: 308 | $555M)
Blockchain Network (Terra)
(# Cos: 109 | $255M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$27.9M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$255M
58
-
109
11
Terra
(2018, Singapore, $125M)
TRON
(2017, Singapore)
Avalanche
(2020, 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
Bluejay Finance (2021, Singapore)
$2.9M - Seed - Jul 2022
Oasys (2021, Singapore)
Undisclosed - Seed - Dec 2022

37. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Igloo (2016, Singapore)
$27.0M - Series B - Nov 2022
Internet First Insurance Platforms -
Singapore
29
37
Back to index
Internet First Insurance Platforms (MoneySmart)
(# Cos: 70 | $356M)
Internet First Insurers (Singlife)
(# Cos: 25 | $246M)
Diversified (Igloo)
(# Cos: 4 | $54.2M)
Taxonomy
$ Invested in last 1 year in Singapore
Tech
Key Stats
# Funding Rounds in last 1 year in
Singapore Tech
$27.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$54.2M
2
-
4
1
Igloo
(2016, Singapore, $54.2M)
AXA
(1999, Singapore)
Budget Direct Insurance
(2000, Singapore)
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
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
Oncology Drugs - Singapore
30
38
Back to index
Oncology (Mirxes)
(# Cos: 42 | $878M)
Drugs (Hummingbird Bioscience)
(# Cos: 30 | $618M)
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%)
3( <> 0% )
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.

39. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Electric Motorcycle Manufacturers -
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
$25.4M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$45.1M
2
-
2
2
Electric Vehicles (Neuron)
(# Cos: 71 | $373M)
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

40. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
E-Commerce Software - Singapore
32
40
Back to index
E-Commerce Enablers (Una Brands)
(# Cos: 173 | $2.0B)
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
$25.2M ( -- )
4( -- )
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)
Shopmatic
(2014, Singapore, $20.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Reflaunt (2017, Singapore)
$5.2M - Series A - Aug 2022
$11.0M - Series A - Aug 2022
Plugo (2022, Singapore)
$9.0M - Series A - Dec 2022
Proxtera (2020, Singapore)
Undisclosed - Seed - Mar 2023

41. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Payments - 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
$25.0M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$25.0M
3
-
10
3
Cryptocurrencies (Sygnum)
(# Cos: 914 | $2.2B)
Financial Services (Amber Group)
(# Cos: 673 | $1.8B)
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

42. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
SMB Accounting Software - 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
$25.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$89.3M
5
-
35
2
Finance & Accounting Tech (Qapita)
(# Cos: 168 | $399M)
Accounting Solutions (Spenmo)
(# Cos: 104 | $244M)
Accounting Suite (Volopay)
(# Cos: 41 | $92.8M)
SMBs (Osome)
(# Cos: 35 | $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

43. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
IoT for smart cities - Singapore
35
43
Back to index
Internet of Things Infrastructure (Envision Digital)
(# Cos: 69 | $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

44. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Collaborative Music Production
Software - 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
$25.0M (▼78.8%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$143M
1
-
1
1
Music Tech (Popsical)
(# Cos: 82 | $164M)
Music Artist IT (Ghost)
(# Cos: 31 | $149M)
Music Creation (AudioStretch)
(# Cos: 8 | $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

45. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Robo-Advisors in Wealth Management -
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
$22.7M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$148M
6
-
15
3
Investment Tech (OurCrowd)
(# Cos: 562 | $1.3B)
Wealth Management Platforms (Kristal)
(# Cos: 76 | $276M)
Robo Advisors (StashAway)
(# Cos: 16 | $148M)
Horizontal (Endowus)
(# Cos: 15 | $148M)
Endowus
(2017, Singapore, $53.3M)
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.
StashAway (2016, Singapore)
$12.7M - Series D - Sep 2022
Kristal (2016, Singapore)
$10.0M - Series A - Nov 2022

46. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Exchanges - Singapore
38
46
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 (▼74.9%)
4(▼55.6%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$157M
39
-
187
5
Cryptocurrencies (Sygnum)
(# Cos: 914 | $2.2B)
Financial Services (Amber Group)
(# Cos: 673 | $1.8B)
Investment Industry (Nansen)
(# Cos: 428 | $814M)
Crypto Exchanges (Kyber Network)
(# Cos: 187 | $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

47. 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
$7.9M - Series A - Aug 2022
Amilo (2022, Singapore)
$2.0M - Seed - Nov 2022
Fulfillment Enablers - Singapore
39
47
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
$20.9M ( -- )
3( -- )
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.

48. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Lithium Battery Recycling - 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
$20.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$41.1M
1
-
1
1
Solid Waste Management Tech (NEU Battery
Materials)
(# 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

49. Copyright © 2023, Tracxn Technologies Limited. All rights reserved.
Singapore Tech - Top Business Models Report
Recent Funding Rounds
Mobile Casual Game Developers -
Singapore
41
49
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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
-
78
3
Mobile Gaming (Mighty Bear Games)
(# Cos: 171 | $204M)
Game Developers (IGG)
(# Cos: 133 | $75.3M)
Casual (Inzen Studio)
(# Cos: 93 | $42.5M)
Multi Genre (SuperGaming)
(# Cos: 78 | $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

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