About 40 percent of all startup acquisitions has occurred in Singapore, and more venture capital deals happen in the region than in neighboring countries.
Last year, $454 million worth of venture capital deals were done in Singapore, compared with $918 million invested in the rest of Southeast Asia, according to a report from the Singapore Venture Capital and Private Equity Association (SVCA).
That sum funded 73 start-ups here, up from 41 in 2012, said the association, which did the survey with private equity research firm Preqin earlier this year.
Acquisitions hit a high of 13 start-ups sold for a total of over US$300 million last year, said local VC firm Monk’s Hill Ventures. In 2012, only four start-ups were acquired.
This is only the tip of the iceberg as the research combed only publicly available financial data. Other acquisitions where details were not disclosed were not covered.
Tags: Venture Capital, Venture Capital Firm, Venture Capital Group, Venture Capital Industry, Venture Capital Investment, Venture Capital Investor, Venture Capital Fund, VC Funding, VC, Startup, Singapore, Southeast Asia, Singapore Venture Capital and Private Equity Association, SVCA, Preqin, Monk’s Hill Ventures.