About GRC Software sector in Singapore
The GRC Software sector in Singapore comprises 160 companies, including 59 funded companies having collectively raised $111M in venture capital money and private equity. Out of these, 10 are Series A+ funded.
GRC Software sector in Singapore has seen 5 acquisitions and 1 IPO.
This sector includes software solutions for governance, risk management and compliance to achieve organizational objectives by addressing uncertainty and acting with integrity to meet regulatory mandates.
Companies that develop sector-specific or sector-agnostic software for governance, risk management and compliance that is hosted either on-premise or delivered as a cloud service (SaaS). The feed includes governance solutions that assist organizations to act ethically correct and in accordance with its risk appetite managed by Risk Management solutions, and Compliance management solutions to comply with internal policies and external regulations. Governance solutions cover corporate, data and access governance; risk management solutions primarily covers IT, operational, financial, legal and third party risk; and compliance solutions focuses on IT, labor law, audit, performance reporting & accountability compliance and QEHS. Value-added distributors, resellers, consulting, system integrators, pure-play cybersecurity companies, and horizontal IT & ERP service providers are excluded.
Top GRC Software Companies in Singapore
There are 160 GRC Software startups in Singapore which include Xcelerate, Tookitaki, RegAsk, VerifyVASP, Dathena. Out of these, 59 startups are funded, with 10 having secured Series A+ funding.
Over the past 10 years, an average of 11 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Nanyang Technological University (NTU), National University of Singapore (NUS) and Duke University.
Here is the list of top GRC Software startups in Singapore
1. Xcelerate
ESG, risk, and compliance solutions for businesses. It helps businesses maintain sustainability, resilience, and regulatory compliance. Services encompass advisory, reporting, and compliance solutions across various domains, including employee and industrial compliance, financial and tax compliance, and operational resilience. It provides solutions for improving operational resilience, the digitalisation of SOPs, and change management. It assists clients during the ESG and compliance journey, from identification and visualization to implementation, monitoring, and reporting.
Key facts about Xcelerate
- Founded Year: 2021
- Location: Singapore (Singapore)
- Stage: Series B
- Total Funding till date: $36M
- Investors: Federated Hermes, Altair Capital and 20 Others
- Latest Funding Round: Conventional Debt, Jul 02, 2024, $*****
- Tracxn Score: 61/100 What is this?
- Competitors Rank: 7 of 448 Competitors
2. Tookitaki
Provider of AI-powered anti-money laundering and financial crime compliance solutions. It offers an AI-powered Anti-Money Laundering and financial crime compliance platform, leveraging community-driven intelligence to deliver real-time detection and prevention of financial crimes. Its platform, FinCense, provides a robust trust layer for financial services institutions to stay ahead of emerging threats and reduce compliance costs.
Key facts about Tookitaki
- Founded Year: 2012
- Location: Singapore (Singapore)
- Stage: Acquired
- Total Funding till date: $20.4M
- Investors: Jungle Ventures, SIG Venture Capital and 35 Others
- Latest Funding Round: Series A, Oct 21, 2024, $*****
- Tracxn Score: 61/100 What is this?
- Competitors Rank: 70 of 2,819 Competitors
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3. RegAsk
Artificial intelligence based regulatory compliance solution. The platform offered by the company provides a solution to identify and analyze gaps in the compliance of a product. It routinely monitors, anticipates, and reports updates or changes to relevant regulations and provides instant alerts. The company offers a full scope of services including real-time ESG regulatory monitoring and risk prediction, compliance, enabling clients to reduce time and costs involved in regulatory research, allowing them to focus on core competencies.
Key facts about RegAsk
4. VerifyVASP
Data encryption solutions provider. The features of the product include secure API communication and data exchanges, encrypted communication, personal information tracking, etc. It also decrypts data and provides secure verification, etc.
Key facts about VerifyVASP
5. Dathena
Dathena offers a machine learning-powered enterprise data classification solution. The company solution includes Dathena Discovery, Dathena Privacy, Dathena Classify, Dathena Protect, and Dathena Detect. The solution scans data in the repository and identifies data that are confidential and tags the data based on the relevant level of confidentiality. It also helps identify users who create confidential data and help tag them to better improve the data protection process. The solution also facilitates in suggesting access rights and storage location based on confidentially. The solution also facilitates enterprises to comply with regulations related to data integrity such as General Data Protection Regulation (GDPR), FINMA, HKMA, and MAS TRM guidelines.
Key facts about Dathena
- Founded Year: 2016
- Location: Singapore (Singapore)
- Stage: Acquired
- Total Funding till date: $12M
- Investors: DBS Bank, MS&AD Ventures and 9 Others
- Latest Funding Round: Series A, May 14, 2020, $*****
- Tracxn Score: 50/100 What is this?
- Competitors Rank: 16 of 557 Competitors
Companies founded year-on-year in the GRC Software sector in Singapore
25 GRC Software startups in Singapore were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 3 |
2024 | 15 |
2023 | 6 |
2022 | 5 |
2021 | 13 |
2020 | 25 |
2019 | 21 |
2018 | 14 |
2017 | 12 |
Stage-wise distribution of GRC Software sector companies in Singapore
Out of the total 160 GRC Software companies in Singapore, 59 have secured funding. Among them, 10 have reached Series A or higher, and 7 to Series B or beyond.
Founded - 160
Funded - 59
Series A+ - 10
Series B+ - 7
Series C+ - 6
Company Stage | No. of companies |
|---|---|
Founded | 160 |
Funded | 59 |
Series A+ | 10 |
Series B+ | 7 |
Series C+ | 6 |
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Funding Trends in the GRC Software sector in Singapore
Total funding year-on-year in the GRC Software sector in Singapore
The GRC Software sector in Singapore saw a total funding of more than $108M in the last 10 years. The most amount of funding was in 2022 at more than $36.7M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $2M |
2024 | $25M |
2023 | $5.78M |
2022 | $36.7M |
2021 | $5.75M |
2020 | $12.3M |
2019 | $19.5M |
2018 | - |
2017 | $20K |
Recent Funding Rounds in GRC Software in Singapore
In the year 2025, till November 2025, GRC Software companies in Singapore have raised $2M in equity funding across 2 rounds.
In the same period last year (i.e. till November 2024), GRC Software companies in Singapore had raised $25M across 3 rounds.
So, 2025 has seen a 92% drop in funding in GRC Software companies in Singapore as compared to 2024.
Here are some recent, important funding rounds in GRC Software companies in Singapore:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 7763 | Nov 11, 2025 | ||
Seed | 2367 | Apr 09, 2025 | - | |
Seed | 6973 | Nov 02, 2024 | ||
Series A | 4237 | Oct 21, 2024 | ||
Series B | 9733 | Feb 26, 2024 |
Top Investors in GRC Software in Singapore
Plug and Play Tech Center is the top investor in GRC Software companies in Singapore based on number of companies invested.
Here are some top investors in GRC Software companies in Singapore:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
Zurich (Switzerland) | ||
London (United Kingdom) | ||
Singapore (Singapore) | ||
Menlo Park (United States) | - |
M&A activity in GRC Software sector in Singapore
In the year 2022, till July 2022, 3 acquisitions happened in GRC Software sector in Singapore.
Here are some recent, important acquisitions in GRC Software sector in Singapore:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jul 18, 2022 | ||
Business Acquisition | Apr 18, 2022 | ||
Business Acquisition | Jan 10, 2022 | ||
Business Acquisition | Jun 16, 2020 | ||
Business Acquisition | Nov 20, 2015 |
Acquisition trends in GRC Software sector in Singapore
Here are the acquisition trends in GRC Software sector in Singapore:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | - |
2022 | 3 |
2021 | - |
2020 | 1 |
2019 | - |
2018 | - |
2017 | - |
Colleges which produce the most GRC Software companies in Singapore
Companies founded by alumni from top colleges in the GRC Software in Singapore
Most number of GRC Software startups in Singapore have been founded by alumni from Nanyang Technological University (NTU), National University of Singapore (NUS) and Duke University.
College | No. of companies |
|---|---|
Nanyang Technological University (NTU) | 10 |
National University of Singapore (NUS) | 4 |
Duke University | 3 |
INSEAD | 3 |
IIM Ahmedabad | 2 |
London School of Economics and Political Science | 2 |
University of California (Berkeley) | 2 |
BITS Pilani | 1 |
Cambridge Judge Business School | 1 |
Columbia Business School | 1 |
Total funding in GRC Software companies founded by alumni from top colleges in Singapore
In the last 10 years, Nanyang Technological University (NTU) graduates' GRC Software companies in Singapore have raised the most funding among top colleges. Duke University and Princeton University alumni are second.
College | Total Funding |
|---|---|
Nanyang Technological University (NTU) | $5.75M |
Duke University | $4M |
Princeton University | $4M |
The Wharton School | $4M |
University of California (Berkeley) | $4M |
Wharton School | $4M |
BITS Pilani | - |
Cambridge Judge Business School | - |
Columbia Business School | - |
Fuqua School of Business | - |
Top News in GRC Software in Singapore
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RegASK Unveils World’s First Vertical LLM Purpose-Built for Regulatory IntelligenceBusiness Wire•Apr 01, 2025•RegAsk
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RegASK Achieves SOC 2 Type II Certification and Renews ISO 27001, ISO 27018, and GDPR ComplianceBusiness Wire•Mar 25, 2025•RegAsk
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RegASK Unveils Industry’s First Agentic AI Regulatory Workflow Orchestration SolutionBusiness Wire•Mar 12, 2025•RegAsk
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Signicat Strengthens Its Presence in APAC Through Strategic Partnership With AsiaVerifyFintech Finance•Nov 26, 2024•Signicat, AsiaVerify
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Tookitaki Expands Community-Led Financial Crime Prevention Platform to India with FinCenseAsian News International•Aug 26, 2024•Tookitaki, Fincense
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RegASK Appoints Andrew Dalton as Chief Revenue OfficerGlobal FinTech Series•Jun 13, 2024•RegAsk, Causaly
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RegASK Launches RegGenius: The AI-Driven Copilot to Help Organizations Manage the Evolving Regulatory LandscapeGlobal FinTech Series•May 29, 2024•RegAsk
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AsiaVerify Becomes Latest Addition to Detected’s Risk, Fraud and Compliance EcosystemCrowdfund Insider•Apr 29, 2024•AsiaVerify, Detected
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