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Singapore’s Ranking

2012: #17       2015: #10

Places Ranking Performance Funding Market Reach Talent Startup Exp Growth Index
Silicon Valley 1   1 1 4 1 1 2.1
New York City 2 3 2 2 1 9 4 1.8
Los Angeles 3      4 4 2 10 5 1.8
Boston 4 2 3 3 7 12 7 2.7
Tel Aviv 5 3 6 6 13 3 6 2.9
London 6 1 5 10 3 7 13 3.3
Chicago 7 3 8 12 5 11 14 2.8
Seattle 8 4 12 11 12 4 3 2.1
Berlin 9 6 7 8 10 8 8 10
Singapore 10 7 11 9 9 20 9 1.9
Paris 11      13 13 6 16 15 1.3
Sao Paulo 12 1 9 7 11 19 19 3.5
Source: Compass.co,. (2016). The Global Startup Ecosystem Ranking 2015. Compass.co.

Distribution of Singapore Tech Startups by Sector

Source: Estimates from ACE as at Nov 2016

Definitions

  • AdTech
  • AdTech is technology platform that enables the programmatic buying and selling of advertisements.
  • Advanced Manufacturing
  • Advanced manufacturing (i.e Manufacturing Technology) covers companies which provide businesses with technology to optimise their manufacturing processes, from design to production.
  • BioTech
  • BioTech is a broad area of life sciences that exploits the knowledge of living systems to make useful products or solutions, or any technological application that uses biological systems, living organisms, or derivatives thereof, to make or modify products or processes for specific use.
  • CleanTech
  • CleanTech aims to reduce reliance on non-renewable resources and promotes sustainability. CleanTech companies promote environment-friendly measures and seek to increase performance, productivity and efficiency by minimising negative effects on the environment.
  • Consumer Digital
  • Consumer Digital covers companies which leverage the internet and technology to offer goods and services to consumers, such as providing a web/mobile-based platform or technology-driven hardware for consumers.
  • EdTech
  • EdTech covers companies which provide products, apps, resources and tools to enhance teaching practices and improve learning outcomes.
  • Enterprise Tech
  • Enterprise Tech covers companies which provide hardware and software solutions designed to meet the demands of organisations.
  • FinTech
  • FinTech covers technology companies which provide innovative and customer-centric financial solutions, either by disrupting or complementing the existing infrastructure.
  • HealthTech
  • HealthTech covers companies which leverage technology to disrupt the way healthcare services are delivered and how people manage personal health.

Startup Acquisitions and Exits

Prominent Exits

Lazada
  • South East Asia's Online marketplace
  • Acquired for US$1.0b by Alibaba Group
Viki
  • Singaporean video streaming platform
  • Acquired for US$200m By Rakuten
Zopim
  • Live Chat Support Software
  • Acquired for US$30m by Zendesk

Success Story
(Carousell)

2012

  • Mobile classifieds startup founded by Lucas Ngoo, Marcus Tan & Quek Siu Rui where idea was conceptualised during a local hackathon
  • Incubated at NUS Enterprise & awarded both the ACE Startup & Venture Ideation Grant
  • Raised from Quest Ventures. Incubated at NUS Enterprise & awarded both the ACE Startup & Venture Ideation Grant

2016

  • Raised $35m in Series B funding
  • Acquired Caarly & Watch Over Me to strengthen core product and increase engineering team

2014

  • Raised >$6M in Series A funding from Rakuten, Golden Gate Ventures, 500 Startups, & Sequoia Capital
  • Platform boosted >57 million listings
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Singapore’s Ranking

2012: #17       2015: #10

Places Ranking Performance Funding Market Reach Talent Startup Exp Growth Index
Singapore 10 7 11 9 9 20 9 1.9
Compass.co,. (2016). The Global Startup Ecosystem Ranking 2015. Compass.co.

Distribution of Singapore Tech Startups by Sector

Source: Estimates from ACE as at Nov 2016

Definitions

  • AdTech
  • AdTech is technology platform that enables the programmatic buying and selling of advertisements.
  • Advanced Manufacturing
  • Advanced manufacturing (i.e Manufacturing Technology) covers companies which provide businesses with technology to optimise their manufacturing processes, from design to production.
  • BioTech
  • BioTech is a broad area of life sciences that exploits the knowledge of living systems to make useful products or solutions, or any technological application that uses biological systems, living organisms, or derivatives thereof, to make or modify products or processes for specific use.
  • CleanTech
  • CleanTech aims to reduce reliance on non-renewable resources and promotes sustainability. CleanTech companies promote environment-friendly measures and seek to increase performance, productivity and efficiency by minimising negative effects on the environment.
  • Consumer Digital
  • Consumer Digital covers companies which leverage the internet and technology to offer goods and services to consumers, such as providing a web/mobile-based platform or technology-driven hardware for consumers.
  • EdTech
  • EdTech covers companies which provide products, apps, resources and tools to enhance teaching practices and improve learning outcomes.
  • Enterprise Tech
  • Enterprise Tech covers companies which provide hardware and software solutions designed to meet the demands of organisations.
  • FinTech
  • FinTech covers technology companies which provide innovative and customer-centric financial solutions, either by disrupting or complementing the existing infrastructure.
  • HealthTech
  • HealthTech covers companies which leverage technology to disrupt the way healthcare services are delivered and how people manage personal health.

Number of Disclosed
Rounds and Funding

Startup Acquisitions and Exits

Prominent Exits

Lazada
  • South East Asia's Online marketplace
  • Acquired for US$1.0b by Alibaba Group
Viki
  • Singaporean video streaming platform
  • Acquired for US$200m By Rakuten
Zopim
  • Live Chat Support Software
  • Acquired for US$30m by Zendesk

Success Story
(Carousell)

  • 2012

    • Mobile classifieds startup founded by Lucas Ngoo, Marcus Tan & Quek Siu Rui where idea was conceptualised during a local hackathon
    • Incubated at NUS Enterprise & awarded both the ACE Startup & Venture Ideation Grant
    • Raised from Quest Ventures. Incubated at NUS Enterprise & awarded both the ACE Startup & Venture Ideation Grant
  • 2014

    • Raised >$6M in Series A funding from Rakuten, Golden Gate Ventures, 500 Startups, & Sequoia Capital
    • Platform boosted >57 million listings
  • 2016

    • Raised $35m in Series B funding
    • Acquired Caarly & Watch Over Me to strengthen core product and increase engineering team