Singapore Venture Capital Surges as Startups Seek Room to Grow

Singapore is experiencing a surge in venture capital fundraising, reflecting growing interest in Southeast Asia’s startups.

This month, Vertex Ventures and two other venture-capital firms completed fundraising efforts in the city, each with their largest fund yet. In September, East Ventures, which made early bets on successful startups like Tokopedia and Traveloka, raised $30 million that will go toward seed capital and early-stage financing.