Southeast Asia (SEA)’s technology market continues to expand at a rapid pace, driven by its young, tech-savvy population.

EDBI made a strong start to 2019 and invested in several Asian companies poised to become key players and global champions in their respective markets – Zilingo, Structo, and Mega Fortris.

EDBI delivered another exceptional year of investments in 2018 which saw many new companies joining our portfolio, notably Singapore scale-ups and potential game changers with disruptive technologies.

Emerging Technologies such as Blockchain and Artificial Intelligence (AI) have continued to gain momentum globally with each new application and solution demonstrating their potential to enhance the performance of traditional business processes.

We are heartened to see increasing numbers of Singapore startups and brands going global, buoyed by fresh capital from a growing number of seed and growth- stage investors. Indeed, the Singapore VC market reached record levels with about US$2.68 billion in investments last quarter 1 and 2017 VC funding into our local start-up ecosystem was more than 10 times the amount invested 6 years ago.