Top Startups / March 18, 2022
Asaf Fybish

Asaf is an investor and startup growth advisor. He specializes in organic marketing and he's our Chief of Stash

Top Singapore Startups to Watch in 2022

Singapore startups are popular worldwide for technology, innovation and uniqueness, all thanks to a friendly startup and founder business environment. This why, entrepreneurs from around the globe fly to Singapore to start or expand their businesses.

Singapore is well known as one of the world's only remaining city-states. It is also known that the country is very advanced and wealthy, with venture capital and top startups being readily available in the Asian nation. There are numerous examples of top Singaporean startups and many of them have been very successful in attracting outside investment.


1. Voiopay

Year Founded: 2020

HQ: Midview City, Singapore

Size: 11-50

Founders: Rajith Shaji

Voiopay is a Singaporean startup that was founded in 2020 and is currently based in Midview City, Singapore. The company makes its money through the provision of a fintech platform that allows for expense reports to be sent and received digitally, as well as doing so in a manner that is safe, inclusive and convenient.

Since it was founded, the company has gone through a sole Seed Round of funding during February 2021. The end result of the funding round was that the company managed to raise a figure of $2.2 Million from an undisclosed number of investors.

2. GEKO Finance

Year Founded: 2019

HQ: Singapore

Size: 1-10

Founders: Eng Keong Ong, Gavin Chong, Kantinan Tunveenukoon, Zhang Quan Ong

GEKO Finance is a Singaporean startup that was founded in 2019 and is currently based in the country of Singapore. The company does business by providing loans for electric motor vehicles. These vehicles then give the owner rewards for the number of miles that they ride, providing a monetary incentive.

Since being founded, the company has gone through a Pre-Seed Funding Round in 2020. The business has also been active in terms of acquisitions, with the company taking over a fellow EV startup in December 2021. The end result of the aforementioned funding rounds was that the company raised $600,000.

3. Solv Protocol

Year Founded: 2020

HQ: Singapore

Size: 11-50

Founders: Mike Meng, Ryan Chow, Will Wang

Solv Protocol is a startup in Singapore that was founded in 2020 and was founded by a trio of entrepreneurs. The company has provided a fintech platform that allows users to create, manage and trade their portfolio of financial NFTs, which is becoming an increasingly large market across the world.

The business has gone through two separate rounds of funding in 2021, which was supported by a total of sixteen investors. With the support of these investors, the company has managed to raise a figure of $5 Million.

4. CyberHash

Year Founded: 2021

HQ: Singapore

Size: 51-100

Founders: Alex Zhu

CyberHash is a Singaporean startup that was founded in 2021 and is currently based in the country. The company is behind the development of distributed storage solutions in a way that is safer, more convenient and aims to bring this technology into the mainstream, starting in Singapore.

The business has already gone through a successful funding round in 2021 that allowed CyberHash to raise a total of $20 Million. This investment was cumulatively achieved by a group of two investors.

5. Arches

Year Founded: 2019

HQ: Singapore

Size: 11-50

Founders: Hiroki Kato, Shota Kambara

Arches is a startup in Singapore that was founded in 2019 and operates in the Information Technology sector. The company has provided a platform to match local distributors and experts with businesses that are aiming to launch their products and services into Asian markets, making for a much smoother route to market for these companies.

The business has gone through two rounds of funding, with one in 2020 and another in 2021. From these funding rounds, the company managed to attract the attention of six investors that believe in the business model. This has allowed Arches to raise $2.1 Million.

6. Kitcod

Year Founded: 2021

HQ: Singapore

Size: 11-50

Founders: Fateh Ali, Haidar Omais

Kitcod is a Singaporean startup that was founded in 2021 and is still based in the Asian country. The business has developed a social-as-a-service API for app and web developers that allows for in-app social engagements for both these apps and websites. All of this is done in a way that is easy and does not take mountains of code.

Since being founded, the business has gone through a sole round of funding which was supported by a single investor in January 2022. The end result of this investment was that the company successfully raised $100,000.

7. Klub

Year Founded: 2019

HQ: Singapore

Size: 11-50

Founders: Anurakt Jain, Ishita Verma

Klub is a startup in Singapore that was founded by a pair of entrepreneurs in 2019 and operates in the fintech market. The company provides its customers with an investment platform that blends analytics backed up by real data and community management to get investors that care about the startups they are working with.

The business has gone through an impressive six rounds of funding since it was founded, with these funding rounds being supported by a large group of investors, numbering seventeen. The end result of this was that the company managed to raise a massive amount, $34.8 Million specifically.

8. Solscan

Year Founded: 2021

HQ: Singapore

Size: 11-50

Founders: Long Vuong

Solscan is a Singaporean startup that was founded in 2021 and is still based in the country it was founded in. The company has created a platform that focuses on the Solana platform and allows for full-suite block exploration and data analytics to take place within that ecosystem, providing needed functionality for users.

Since being founded, the company has had a sole Seed Funding round in 2021 that was supported by a group of eight investors. These eight investors have collectively allowed the business to raise a figure of $4 Million.

9. Etaily

Year Founded: 2020

HQ: Singapore

Size: 11-50

Founders: Alexander Friedhoff, Constantin Robertz, Jannis Dargel

Etaily is a startup in Singapore that was founded in 2020 and is currently still based in the country. The business helps e-commerce businesses to improve their overall business through the use of end-to-end omnichannel solutions that they may not necessarily be able to develop otherwise.

Since being founded, the company has gone through three rounds of startup funding. During these funding rounds, the business has successfully managed to secure the support of five investors that have collectively pooled $5.9 Million in funding.

10. Startup Oi

Year Founded: 2021

HQ: Singapore

Size: 11-50

Founders: Rob Creekmore

Startup Oi is a Singaporean startup that was founded in 2021 and is currently based in Singapore. The company provides a job search and employee search platform that aims to connect engineers with businesses that have a requirement for technical talent. This is common in many startups, hence the company name.

The business has gone through a sole round of funding since being founded, with the round occurring in January 2022. From this round, the company managed to secure the support of six investors. These investors then went on to invest $1 Million into the company.

11. Upmesh

Year Founded: 2019

HQ: Singapore

Size: 1-10

Founders: Shawn Teow, Wong Zi Yang

Upmesh is a startup in Singapore that was founded in 2021 and is currently based in the city-state. The company itself earns its money by providing the technical and functional aspects of live commerce merchants that use social media.

Since being founded, the company has gone through two rounds of startup funding. These rounds of funding allowed the business to pen relationships with ten investors. These investors have financed the company to the tune of $10.5 Million.

12. Cargene

Year Founded: 2021

HQ: Singapore

Size: 11-50

Founders: XiangQian Lin

Cargene is a healthcare startup in Singapore that was founded in 2021 and has flown out of the gates since then. The company works in the bio-pharma market and is behind the development and creation of therapeutics to treat various diseases and illnesses afflicting the cardiovascular system.

Since the company was founded, it has already gotten off to a good start with startup funding. In its sole funding round to date, the healthcare startup managed to attract attention from three investors. The input of these investors has allowed the company to receive $19.2 Million in funding.

13. PStake

Year Founded: 2019

HQ: Singapore

Size: 1-10

Founders: Tushar Aggarwal

PStake is a Singaporean startup that was founded in 2019 and is currently based in the country. The company works in the fintech market and makes it safe for users to stake their assets so that they can receive rewards and representative tokens that can be used across various different platforms.

The business has gone through a single seed funding round since it was founded, with this round attracting the support of an impressive twenty investors. It is due to these investors that the company managed to raise a total of $10 Million.

14. L2Y

Year Founded: 2021

HQ: Singapore

Size: 11-50

Founders: Lester Li

L2Y is a startup from Singapore that was founded in 2021 and is currently based in the city-state that it was founded in. The business provides a platform that allows P2E gamers to track their data within the upcoming metaverse. This takes the form of a GameFi analytics and trading platform.

The business went through a seed round of funding in December 2021 and as a result of this, the company managed to come to agreements with twelve different investors. These agreements allowed the business to raise $3.7 Million.

15. Omnistream

Year Founded: 2013

HQ: Singapore

Size: 1-10

Founders: Jacky Chan, Justin Reynolds, Wendy Chen

Omnistream is a Singaporean startup that was founded in 2013 and is currently based in the city-state. The business is a software development company that has developed technology to take data from multiple sources, so that they can see the shopping habits of their customers and trends that are commonly occurring.

Since being founded, the company has gone through two rounds of startup funding, one in 2013 and another in 2018. These funding rounds were supported by a total of four investors and this allowed the business to raise a total of $1.8 Million to further growth and development in the business.

16. Entobel

Year Founded: 2013

HQ: Singapore

Size: 1-10

Founders: Alexandre de Caters, Gaetan Crielaard

Entobel is a startup in Singapore that was founded in 2013 and is currently still based in the country. The business operates in the biotechnology space and they supply insect-based products for the feeding industry.

Since being founded, the business has gone through four rounds of funding across the years, with these funding rounds being supported by investors. In total, the company has raised a figure of $3.3 Million.

17. AAG Ventures

Year Founded: 2021

HQ: Singapore

Size: 11-50

Founders: Jack Vinitrongjit, Jayson Casinillo, Nelly Sutjiadi, Omar Kevin Moscoso

AAG Ventures is a Singaporean startup that was founded in 2021 and is still based in the city-state. The company is the face behind the brand of one of the fastest-growing and well-known pay to earn guilds in the industry thus far.

Since the business was founded, it has gone through a single Seed Round of funding in December 2021. This funding round was attended by a massive thirty-eight investors that have collectively pooled a total of $12.5 Million into the business' fundraising efforts.

18. SmartCheckups

Year Founded: 2013

HQ: Singapore

Size: 1-10

Founders: Didier Vermeiren, Nicolas Kint

SmartCheckups is a startup in Singapore that was founded in 2013 and is currently still based in the city-state. The company provides an internet-based AP that allows property inspectors to make better inspections of properties and keep notes on what they have seen and what needs to be followed up on.

Since being founded, the company has gone through a single round of funding in November 2013, which was supported by a sole investor. Since then, no further fundraising has taken place. 

19. 6degrees

Year Founded: 2013

HQ: Singapore

Size: 1-10

Founders: Arun Samudrala, Niranjan Rao

6degree is a Singaporean startup that was founded in 2013 and is still based in the city-state. The company provides a solution for self-updating phonebooks that help you to clean up your duplicates, add integrations for your social networks. This information is also easily backed up on the system.

Since the company was founded, it has gone through a single round of funding that took place in 2015. This funding round did not disclose any funding amounts or total investors.

20. RushOwl

Year Founded: 2018

HQ: Singapore

Size: 11-50

Founders: Shin Ng, Songyan Ho

RushOwl is a startup in Singapore that was founded in 2018 and is currently still based in the city-state. The company makes its money by creating a ridesharing platform that gives affordable and convenient shuttle rides.

Since being founded, the company has gone through a single round of startup funding which took place in December 2021. This funding round was supported by a trio of investors. These investors have collectively raised $650,000 for the company.

21. Adskom

Year Founded: 2013

HQ: Singapore

Size: 11-50

Founders: Daniel Armanto, Italo Gani, Tirto Adji

Adksom is a Singaporean startup that was founded in 2013 and is currently based in the country. The company provides advertising technology solutions for programmatic advertising platforms and other business services.

Since being founded, the company has gone through five rounds of funding across these years. These funding rounds have allowed the company to enlist the support of 12 investors and these investors have allowed the company to raise $850,000.


FAQs

How Many Startups Are In Singapore?

It has been stated that Singapore has more than 4000 startups.

What Is The Average Investment in Singapore?

The average seed investment round in Singapore is worth $600,000 and the average Series A round is worth $4.8 Million. These are both above the global averages.

What Are The Strongest Industries in Singapore?

The strongest sectors in Singapore are manufacturing, electronics, chemicals, biomedical, science, logistics and more.

Top Singapore Startups to Watch...
Asaf Fybish

Asaf is an investor and startup growth advisor. He specializes in organic marketing and he's our Chief of Stash

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