Singapore raises US$6.10b, tops ASEAN 6 investments

The nation accounted for 73.3% of deal value within the region.

With US$6.10b funds raised in 2023, Singapore further solidified its position as the premier investment destination within the ASEAN 6.

A report from Enterprise Singapore and Dealstreet Asia showed that startups headquartered in Singapore accounted for 73.3% of deal value and 63.7% of deal volume within ASEAN 6 in 2023.

In 2022, Singapore’s market share in terms of deal volume and value was 56.7% and 62.5%, respectively.

Compared to the ASEAN 6 region, Singapore recorded the lowest decline in deal volume (-19.8%). Indonesia posted the highest drop in deal volume at 49%.

Collectively, the bloc experienced a 28.6% drop in deal volume and a nearly 53% decline in deal value in 2023.

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