Singapore Startup Ecosystem: An Overview
Singapore’s Ranking
| Places | Ranking | Performance | Funding | Market Reach | Talent | Startup Exp | Growth Index | |
| Silicon Valley | 1 | – | 1 | 1 | 1 | 2 | 1 | 4.2 |
| New York City | 2 | – | 3 | 2 | 3 | 7 | 4 | 4.5 |
| London | 3 | ↑3 | 4 | 4 | 2 | 10 | 5 | 4.8 |
| Beijing | 4 | New | 2 | 5 | 19 | 8 | 2 | 4.4 |
| Boston | 5 | ↓1 | 6 | 6 | 12 | 4 | 3 | 4.0 |
| Tel Aviv | 6 | ↓1 | 9 | 8 | 4 | 11 | 7 | 4.5 |
| Berlin | 7 | ↑2 | 7 | 9 | 6 | 5 | 10 | 4.6 |
| Shanghai | 8 | New | 8 | 3 | 10 | 9 | 13 | 5.5 |
| Los Angeles | 9 | ↓6 | 5 | 7 | 15 | 14 | 11 | 4.2 |
| Seattle | 10 | ↓2 | 12 | 13 | 14 | 3 | 6 | 4.5 |
| Paris | 11 | – | 14 | 14 | 9 | 16 | 8 | 4.2 |
| Singapore | 12 | ↓2 | 16 | 16 | 11 | 1 | 20 | 4.6 |
| Austin | 13 | ↑1 | 15 | 11 | 19 | 6 | 9 | 4.3 |
| Stockholm | 14 | New | 17 | 20 | 8 | 18 | 12 | 5.3 |
Source: Startup Genome (2017). Compass.co,. (2016). The Global Startup Ecosystem Ranking 2015. Compass.co.
Distribution of Singapore Tech Startups by Sector
Source: Estimates from ACE as at Nov 2016
ShopBack (Success Story)
Prominent ExitsLazada
Viki
Zopim
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ShopBack (Success Story)
2014
- Online cashback platform founded by Joel Leong, Henry Chan, and Bryan Chua
- Raised USD500K from Accel-X and other investors
2015
- Entered the E-Commerce market in Malaysia, the Philippines and Indonesia
- Raised USD600K from Accel-X and East Ventures
- Awarded the Best Start Up (Gold) and Best Innovative Infocomm Product (Silver) and at the 7th SiTF Awards
2016
- Entered the E-Commerce market in Taiwan
- Launched mobile app and ranked #1 in the ‘free’ category of the iOS App Store in less than 24 hours
- Winner of the Emerging Enterprise Award
2017 (WIP)
- Entered the E-Commerce market in Thailand
- Global Mobile Challenge Winner