Singapore wants co-investors to pump $112M into deep tech startups

Singapore is seeking co-investors from the private sector with the goal to plow up to SG$150 million into its early-stage, deep tech startup community. It hopes to identify 10 to 15 such partners and target startups in three key sectors including health and biomedical sciences. 

Led by Enterprise Singapore’s investment arm Seeds Capital, the initiative will tap funds from the Startup SG Equity scheme, under which the government may invest in funds or work with qualified third-party investors to make direct co-investments into eligible startups.

With the new call-for-partnership, Seeds said in a statement Thursday it aimed to refresh and diversity its current pool of 30 co-investment partners across the three deep tech sectors, including advanced manufacturing and engineering as well as urban solutions and sustainability. These market segments were aligned with the country’s Research, Innovation, and Enterprise 2020 (RIE2020) Technology Domains, which aimed to boost Singapore’s research capabilities and

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Tiger Global, Dragoneer Pump Fresh Funds in Unacademy, Valuation Jumps to $2 Bn

The fresh capital has knocked up the company’s valuation by almost 45 per cent since it entered the coveted unicorn club in September after raising USD 150 million funding led by Softbank at a valuation of USD 1.45 billion.

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Education technology startup Unacademy said on Wednesday it has raised an undisclosed amount from Tiger Global and Dragoneer Investment Group.

The fresh capital has knocked up the company’s valuation at USD 2 billion, an almost 45 per cent jump since it entered the coveted unicorn club in September after raising USD 150 million funding led by Softbank at a valuation of USD 1.45 billion.

Also Read: India Gets Its Second Edtech Unicorn As Unacademy Joins The Prestigious Club

“Today, I’m delighted

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