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The Startup Ecosystem of Singapore City

Singapore City has 3,022 startups in our sample database. This represents about 99% of Singapore’s startups. Singapore City is the highest-ranked startup ecosystem in Singapore.

CITY RANKING

In 2024, the startup scene of Singapore City developed considerably and increased in the Global Ecosystem Index by 4 spots.

National Ranking

1st
0
In Singapore

Regional Ranking

1st
0
In South East Asia

Global Ranking

16th
+
4
Worldwide

In partnership with

Singapore City Ecosystem Partner logo

Ecosystem

Startup Ecosystem Overview

landscape photography of Sydney, Australia
Singapore is known for its exceptional education system and highly skilled workforce. The country’s bilingual education policy and top-ranking universities ensure a talent pool of qualified professionals. Additionally, Singapore is the second most attractive location for foreign and startup talent, making it an ideal destination for entrepreneurs.


The city-state boasts exceptional internet speed, ranking as the fastest internet speed hub in the world and the third globally for median download speed. This robust connectivity enhances productivity and enables seamless communication, supporting the growth of digital businesses.


Singapore hosts various renowned events that attract entrepreneurs and innovators from around the world. Innovfest Unbound, Asia Tech x Singapore, [SLINGSHOT@SWITCH](http:// SLINGSHOT@switch), and SWITCH are notable events where startups can network, showcase their innovations, and establish valuable connections.


Singapore excels in both transport and digital infrastructure. The city-state ranks first globally for transport infrastructure and first in Asia for digital infrastructure. Specialized facilities like AerialArena@SUTD and JTC LaunchPads cater to the needs of startups, providing the necessary support and resources.


Private investment in Singapore is thriving, with global companies choosing to establish their headquarters in the city-state. Venture capitalists and family offices, including Sequoia Capital, B Capital, and Lightspeed Venture Partners, have a strong presence. Additionally, collaborations and innovation hubs like Medtronic’s open innovation platform and McKinsey’s sustainability innovation hub contribute to Singapore’s thriving private investment landscape.


Overall, Singapore offers a conducive environment for relocation and investment, with its strong education system, talented workforce, excellent infrastructure, and vibrant private investment landscape.

Startups

Singapore City Top Startup Industries

Foodtech icon
Foodtech
#6 worldwide

86 startups

Fintech icon
Fintech
#9 worldwide

698 startups

Ecommerce & Retail icon
Ecommerce & Retail
#12 worldwide

319 startups

Ecosystem HealthCheck

Singapore City Ecosystem Health Check

The health check tables allow you to look at the performance Singapore City has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...

  • Overperformance
  • Performance equal to global ranking
  • Underperformance
IndustryGlobal rankMomentum YoYNumber of Startups
Global1603022
Foodtech6086
Fintech91691
Ecommerce & Retail123313
Edtech124154
Hardware & IoT168202
Social & Leisure229169
Marketing & Sales233122

ECOSYSTEM

Browse the startup ecosystem database of Singapore City

Download list
bitget.com startup logo
Fintech | Financial Services
Unranked
Trip.com startup logo
Social & Leisure | Social & Leisure-Other
Unranked
Viki startup logo
Social & Leisure | Entertainment
Unranked
BandLab startup logo
Hardware & IoT | Internet of Everything
Unranked
Glints startup logo
Software & Data | Enterprise Technology
Unranked
Espressif startup logo
Hardware & IoT | Hardware
Unranked
Unranked
Unranked
ShopBack startup logo
Ecommerce & Retail | Ecommerce
Unranked
Airalo startup logo
Software & Data | Apps
Unranked
ADVANCE.AI startup logo
Software & Data | Artificial Intelligence
Unranked

Showing 1 – 20 out of 3022

Startup Ecosystem Charts

Startup Funding in Singapore City2017 - 2024

Startup Funding in Singapore City 2017 - 2024

From 2022 to 2023, startup funding in Singapore City has decreased by 43.26%. During this period, the number of deals in Singapore City has decreased by 39.52%. Since 2017, total startup funding in Singapore City exceeded US$ $75.06B.

Average Funding in 2023

$11.58M

Singapore City
Singapore
-6.19% YoY

Funding in 2023

$6.08B

Singapore City
Singapore
-43.26% YoY

Deals in 2023

525

Singapore City
Singapore
-39.52% YoY

USD

Amount of Funding (USD)

Number of Deals

20172018201920202021202220232024$0.00$15.00B$30.00B$45.00B$60.00B02505007501,000

Ecosystem

The Startup Ecosystem in Singapore City

Our startup ecosystem map for Singapore City includes a sample of 3,022 tech companies. We have identified as unicorns 15 startups that have passed the USD 1 billion valuations. Contributing to the vitality of this startup ecosystem are the 4 pantheon member entities. Get the Pro account for unrestricted insights on this ecosystem.

Global Rank

Singapore City is ranked within the top 20 startup ecosystems globally.

Top Industries

Singapore City’s startups excel particularly in Foodtech where it ranks 6 and in Fintech, and Ecommerce & Retail. Find out more

Top Cities for Startups in Singapore - Ranked by StartupBlink

StartupBlink ranks the startup ecosystems of more than 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
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Pro
Pro
Pro
2024 National Rank CityGlobal Rank
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Total Score
informational icon
Quantity Score
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Quality Score
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Business Score
1st
0
16th
+
4
41.358
4.918
32.972
3.468
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Download CSV file
Pro

Startups

Notable Startups in Singapore City
bitget.com startup icon
bitget.com
Trip.com startup icon
Trip.com
Viki startup icon
Viki

ECOSYSTEM

Why should you join Singapore City's Startup Ecosystem?

Overview

Within Singapore City there is an increased attraction for entrepreneurs to set up their startups in industries such as Foodtech, Fintech, Ecommerce & Retail. These three industries represent about 36% of the startups represented on the Startup Ecosystem Map of Singapore City.

1st

National Rank

1st

Regional Rank

Overview

Singapore City is Singapore's 1st best startup ecosystem and is ranked 1st in South East Asia. With a population of 2M - 10M people, Singapore City is ranked 16th in the world. The city has some notable startup success stories including bitget.com and its startup ecosystem infrastructure is strengthened by organizations such as Lazada and 8 Cross St.

ECOSYSTEM
Startup Infrastructure in Singapore City
With a large variety of initiatives, Singapore City's startup ecosystem stands out from other cities in South East Asia. Singapore City offers a number of funding opportunities for entrepreneurs and startups. Below is a list of Singapore City's most prominent support initiatives:

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