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Singapore venture capital surges as startups seek room to grow

Bloomberg
Bloomberg10/23/2017 9:24 AM GMT+08  • 3 min read
Singapore venture capital surges as startups seek room to grow
SINGAPORE (Oct 23): Singapore is experiencing a surge in venture capital fundraising, reflecting growing interest in Southeast Asia’s startups.
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SINGAPORE (Oct 23): Singapore is experiencing a surge in venture capital fundraising, reflecting growing interest in Southeast Asia’s startups.

This month, Vertex Ventures and two other venture-capital firms completed fundraising efforts in the city, each with their largest fund yet. In September, East Ventures, which made early bets on successful startups like Tokopedia and Traveloka, raised US$30 million ($40.9 million) that will go toward seed capital and early-stage financing.

Investors are putting money into the region’s venture firms as they seek opportunities beyond the US and China, the primary focus for Asia deals in recent years. Singapore’s government is providing incentives to attract entrepreneurs and venture capitalists -- cutting regulatory red tape, protecting intellectual property and allocating public money for early investments.

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