Intermediate funding rounds—including Seed+, Pre-Series A, and Series A+ stages—jumped 56% to 14 deals in 2024 from nine in 2023, suggesting founders are extending runways through bridge financing amid uncertain market conditions.
Singapore’s early-stage deep-tech start-ups attracted more deals in 2024 even as total funding fell, underscoring investor caution in a volatile market. According to SGInnovate’s annual landscape report, deal count rose to 56 from 49 a year earlier, while overall funding slipped 8% to US$371 million ($475.8 million).
The mixed results show that investors are gravitating toward earlier-stage opportunities viewed as less exposed to economic volatility.
