Staff Reporter
Published:
Photo from Tracxn
No unicorns emerged in the quarter, whilst acquisitions more than doubled.
Singapore’s tech sector recorded 14 acquisitions and one initial public offering (IPO) in the third quarter (Q3) of 2026, but no unicorns emerged, according to a Tracxn report.
Acquisitions more than doubled from six in the second quarter, whilst IPOs were flat at one. In Q3 2025, there were eight acquisitions and three IPOs.
By stage, late-stage funding took 70.5% of Q3 funding, early-stage at 28.8%, and seed-stage at 0.7%.
Kling AI led the quarter’s funding rounds with $2.8b, about half of the $5.5b total. It was followed by Ant International at $1.2b, Sharpa at $670m, CRYPTO at $400m, and Acrab AI at $130m.
Vertex Ventures was the top investor with three deals, whilst Tencent and Alibaba had two each.
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