Singapore’s tech start-ups raised $5.3b in first half of 2021, up from $3.4b in 2020

The Straits Times

As part of efforts to sustain this growth momentum and support more quality start-ups, ESG’s investment arm Seeds Capital will be appointing 13 new venture capital (VC) firms as co-investment partners under the Startup SG Equity scheme.

In a separate statement, Seeds Capital chairman and ESG deputy chief executive Ted Tan said: “Catalysing more VC investments in this current environment where investors tend to be more cautious is significant.

“Seeds Capital can now offer deep tech start-ups, which have innovative and scalable solutions, with the opportunity to be mentored by our new partners who bring with them extensive market connections and a wealth of sector-specific domain knowledge to increase their chances of success.”

Among the new co-investment partners are innovation platform Plug and Play, VC fund Quest Ventures and family office Schweizer World Group.

Besides funding, these partners will also provide mentorship and help start-ups in their commercialisation efforts.

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