Singaporean tech firms have captured the lion’s share of Southeast Asia’s tech funding, accounting for 88% of the $2.6b raised in the first nine months of 2025, according to Tracxn’s latest report. This dominance comes amid a 7% drop in overall regional funding compared to the same period in 2024, and a significant 58% decrease from 2023.
The report highlights that whilst the overall funding environment has cooled, late-stage investments have shown resilience, with funding in this category more than doubling to $1.8b compared to $831m in 2024. Key sectors driving investment include Enterprise Applications, Enterprise Infrastructure, and FinTech, with the latter seeing a notable $839m in funding despite a decline from previous years.
Noteworthy funding rounds in 2025 include Digital Edge’s $640m Series D and MiniMax’s $300m Series D. However, the creation of new unicorns has slowed, with only one emerging this year compared to two in 2024.
Acquisitions have also declined, with 42 deals recorded, a 31% drop from the previous year. The largest acquisition was NinjaOne’s $270m purchase of Dropsuite. Meanwhile, IPO activity has surged, with 12 companies going public, including The GrowHub and Nusatrip.
The report underscores Singapore’s pivotal role in the region’s tech ecosystem, supported by major investors like East Ventures and 500 Global. As the funding landscape evolves, Singapore’s tech firms continue to lead, shaping the future of Southeast Asia’s tech industry.
