Please wait a moment...

Singapore’s Ranking

2012: #17       2015: #10

Places Ranking Performance Funding Market Reach Talent Startup Exp Growth Index
Silicon Valley 1      1 1 1 2 1 4.2
New York City 2      3 2 3 7 4 4.5
London 3 3 4 4 2 10 5 4.8
Beijing 4 NEW 2 5 19 8 2 4.4
Boston 5 1 6 6 12 4 3 4
Tel Aviv 6 1 9 8 4 11 7 4.5
Berlin 7 2 7 9 6 5 10 4.6
Shanghai 8 NEW 8 3 10 9 13 5.5
Los Angeles 9 6 5 7 15 14 11 4.2
Seattle 10 2 12 13 14 3 6 4.5
Paris 11      14 14 9 16 8 4.2
Singapore 12 2 16 16 11 1 20 4.6
Austin 13 1 15 11 19 6 9 4.3
Stockholm 14 NEW 17 20 8 18 12 5.3
Source: Startup Genome (2017). 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
(ShopBack)

2014

  • Online cashback platform founded by Joel Leong, Henry Chan, and Bryan Chua
  • Raised USD500K from Accel-X and other investors

2016

  • Entered the E-Commerce market in Taiwan
  • Launched mobile app and ranked #1 in the ‘free’ category of the iOS App Store in less than 24 hours
  • Winner of the Emerging Enterprise Award

2015

  • Entered the E-Commerce market in Malaysia, the Philippines and Indonesia
  • Raised USD600K from Accel-X and East Ventures
  • Awarded the Best Start Up (Gold) and Best Innovative Infocomm Product (Silver) and at the 7th SiTF Awards

2017 (WIP)

  • Entered the E-Commerce market in Thailand
  • Global Mobile Challenge Winner
  • section0
  • section1
  • section2
  • section3
  • section4
  • section5

Singapore’s Ranking

2012: #17       2015: #10

Places Ranking Performance Funding Market Reach Talent Startup Exp Growth Index
Singapore 12 2 16 16 11 1 20 4.6
Source: Startup Genome (2017). 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
(ShopBack)

  • 2014

    • Online cashback platform founded by Joel Leong, Henry Chan, and Bryan Chua
    • Raised USD500K from Accel-X and other investors
  • 2015

    • Entered the E-Commerce market in Malaysia, the Philippines and Indonesia
    • Raised USD600K from Accel-X and East Ventures
    • Awarded the Best Start Up (Gold) and Best Innovative Infocomm Product (Silver) and at the 7th SiTF Awards
  • 2016

    • Entered the E-Commerce market in Taiwan
    • Launched mobile app and ranked #1 in the ‘free’ category of the iOS App Store in less than 24 hours
    • Winner of the Emerging Enterprise Award
  • 2017

    • Entered the E-Commerce market in Thailand
    • Global Mobile Challenge Winner