Top startups in Singapore
There are 59,190 startups in Singapore which include Carousell, Funding Societies, Traveloka, ShopBack, NIUM. Out of these, 6,306 startups are funded, with 779 having secured Series A+ funding, and 37 achieving unicorn status. Data Center Infrastructure ($26.1B) and Solar Energy ($17.7B) are the top-funded sectors in Singapore, with over 226 companies, including EdgeConneX and ST Telemedia Global Data Centres. In the last five years, 1,148 companies raised over $66B in funding across 1,581 rounds. Network School is the latest startup to join the Unicorn Club from Singapore. The number of companies founded have declined by 33.3%, from 1,688 companies in 2024 to 1,126 companies in 2025.
Here is the list of top startups in Singapore
1. Carousell
Online marketplace platform offering multi-category second-hand products. The product catalog includes fashion, stationery, gadgets, home appliances, furniture, food supplies, pet supplies, sports equipment, and more. It also provides job, home services, lifestyle services, and more. The application is available on both iOS and Android platforms.
Key facts about Carousell
Digital platform providing financing solutions for small businesses. It offers various financing options, including micro loans, term loans, and invoice financing. It aims to provide accessible and reliable financing to support business growth. The platform also facilitates debt investments for individual and institutional investors.
Key facts about Funding Societies
- Founded Year: 2015
- Location: Singapore (Singapore)
- Stage: Series D
- Total Funding till date: $242M
- Investors: Maybank Philippines, Cgcdigital and 53 Others
- Latest Funding Round: Series D, Mar 20, 2025, $*****
- Tracxn Score: 81/100 What is this?
- Competitors Rank: 2 of 486 Competitors
3. Traveloka
Online retailer of worldwide flights, hotels, activities, and travel deals. It provides a platform for booking accommodations, transportation, and various activities. The platform offers options for flights, hotel stays, car rentals, and airport transfers. It also features travel articles and information.
Key facts about Traveloka
4. ShopBack
Online platform providing cashback rewards, coupons, and promo codes for purchases. It allows users to earn money back on shopping, travel bookings, and game play. Users can withdraw earnings to their accounts. The platform offers notifications for deals and automatic application of coupon codes.
Key facts about ShopBack
- Founded Year: 2014
- Location: Singapore (Singapore)
- Stage: Series F
- Total Funding till date: $350M
- Investors: East Ventures, Credit Saison and 41 Others
- Latest Funding Round: Series F, Dec 08, 2022, $*****
- Tracxn Score: 80/100 What is this?
- Competitors Rank: 1 of 826 Competitors
5. NIUM
Cross-border money transfer solutions for businesses. It provides tools to assist in sending, receiving, and making payments. It offers remittance-as-a-service technology to businesses in the fin-tech, travel, e-commerce, and banking sectors. It also offers APIs to support reporting, tracking, book-keeping, reconciliation, invoicing, and compliance solutions.
Key facts about NIUM
- Founded Year: 2014
- Location: Singapore (Singapore)
- Stage: Series E
- Total Funding till date: $312M
- Investors: GSR Ventures, Vertex Holdings and 35 Others
- Latest Funding Round: Series E, Jun 05, 2024, $*****
- Tracxn Score: 80/100 What is this?
- Competitors Rank: 1 of 234 Competitors
