Funds don't come easy for Singapore's deep tech startups

Funds don't come easy for Singapore's deep tech startups

Singapore. Photo by cegoh/pixabay

Singapore’s plan to allocate a further S$300 million($215.5 million) to a deep tech co-investment scheme is a direct injection into a typically fund-starved segment of the startup ecosystem, industry players said.

“The deep tech top-up comes at an important time when the current batch of deep tech startups are mostly struggling to raise funding,” said Quest Ventures through a spokesperson. Quest focuses on early-stage digital commerce investments in China and Southeast Asia, and its mandate covers deep tech.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter