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Top 12 Unicorn Companies From Singapore

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There’s no doubt that the startup scene in Singapore is unique.

The country has created dozens of successful startups, over the years. Some of them are already worth billions of dollars.

So whether you’re looking to start your own business, or just interested in learning about unicorns, here’s the complete list of 12 unicorn companies in Singapore.

The 12 Unicorns in Singapore

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HyalRoute

HyalRoute

HyalRoute operates a multi-fiber universal connection point that provides the highest values of international network coverage, redundancy, and continuity.

Details of the startup:

  • Valuation:

    $3.50

    B (

    May 2020

    )

  • Country:

    Singapore

  • City:

  • Started in:

    2015

  • Founders:

    Xinglong Huang

  • Industries:

    Communications Infrastructure, Telecommunications, Wired Telecommunications

  • Number of employees:

    500-1,000

  • Funding Amount:

    $263.12M

  • Number of funding rounds:

    1

  • Number of investors:

    1

here

Moglix

Moglix

Moglix is an online marketplace for business supplies and industrial equipment.

Details of the startup:

  • Valuation:

    $2.60

    B (

    May 2021

    )

  • Country:

    Singapore

  • City:

  • Started in:

    2015

  • Founders:

    Rahul Garg

  • Industries:

    B2B, E-Commerce, Industrial, Marketplace, Mobile

  • Number of employees:

    500-1,000

  • Funding Amount:

    $470.71M

  • Number of funding rounds:

    8

  • Number of investors:

    19

here

Advance Intelligence Group

Advance Intelligence Group

AIG is an Al-led technology business that specializes in transforming established and emerging industries via the use of data-centric platforms.

Details of the startup:

  • Valuation:

    $2.00

    B (

    September 2021

    )

  • Country:

    Singapore

  • City:

  • Started in:

    2016

  • Founders:

    Jefferson Chen

  • Industries:

    Information Technology

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $536.00M

  • Number of funding rounds:

    6

  • Number of investors:

    13

here

Trax

Trax

Trax marketing solution enables retailers to increase sales, manage costs and invent new experiences for their customers at all phases of the purchase journey.

Details of the startup:

  • Valuation:

    $1.30

    B (

    July 2019

    )

  • Country:

    Singapore

  • City:

  • Started in:

    2010

  • Founders:

    Dror Feldheim, Joel Bar-El

  • Industries:

    Analytics, Artificial Intelligence, Computer Vision, E-Commerce, Image Recognition, Retail Technology

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $1,012.65M

  • Number of funding rounds:

    15

  • Number of investors:

    16

here

Carousell

Carousell

Carousell is an online classifieds marketplace where users may buy and sell pre-owned things.

Details of the startup:

  • Valuation:

    $1.10

    B (

    September 2021

    )

  • Country:

    Singapore

  • City:

  • Started in:

    2012

  • Founders:

    Lucas Ngoo, Marcus Tan Yi Wei, Quek Siu Rui

  • Industries:

    Classifieds, Consumer Goods, E-Commerce, Marketplace, Mobile Apps

  • Number of employees:

    500-1,000

  • Funding Amount:

    $443.00M

  • Number of funding rounds:

    13

  • Number of investors:

    17

here

bolttech

bolttech

Bolttech is an InsurTech firm building an artificial intelligence-powered point-of-sale insurance platform for protection and insurance.

Details of the startup:

  • Valuation:

    $1.00

    B (

    July 2021

    )

  • Country:

    Singapore

  • City:

  • Started in:

    2006

  • Founders:

    Richard Li

  • Industries:

    Artificial Intelligence, Financial Services, Insurance, InsurTech

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $247.20M

  • Number of funding rounds:

    3

  • Number of investors:

    9

here

Carro

Carro

Carro is an online used automobile marketplace that provides a variety of services to assist you in purchasing a vehicle.

Details of the startup:

  • Valuation:

    $1.00

    B (

    June 2021

    )

  • Country:

    Singapore

  • City:

  • Started in:

    2015

  • Founders:

    Aaron Tan, Aditya Lesmana, Kelvin Chng

  • Industries:

    Automotive, Direct Sales, E-Commerce Platforms, Marketplace

  • Number of employees:

    250-500

  • Funding Amount:

    $684.52M

  • Number of funding rounds:

    10

  • Number of investors:

    36

here

Matrixport

Matrixport

Matrixport is a digital assets financial services platform where users can invest, trade, and leverage crypto assets.

Details of the startup:

  • Valuation:

    $1.00

    B (

    June 2021

    )

  • Country:

    Singapore

  • City:

  • Started in:

    2019

  • Founders:

    Daniel Yan, Jihan Wu, Yuesheng Ge

  • Industries:

    Cryptocurrency, Financial Services, FinTech

  • Number of employees:

    100-250

  • Funding Amount:

    $100.00M

  • Number of funding rounds:

    2

  • Number of investors:

    17

here

Ninja Van

Ninja Van

Ninja Van is a tech-enabled express delivery firm serving businesses across Southeast Asia.

Details of the startup:

  • Valuation:

    $1.00

    B (

    September 2021

    )

  • Country:

    Singapore

  • City:

  • Started in:

    2014

  • Founders:

    Boxian Tan, Chang Wen Lai, Shaun Chong

  • Industries:

    Delivery, Logistics, Transportation

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $976.50M

  • Number of funding rounds:

    6

  • Number of investors:

    13

here

NIUM

NIUM

Nium is a global payments platform redefining how consumers and businesses can send, spend, and receive funds around the world.

Details of the startup:

  • Valuation:

    $1.00

    B (

    July 2021

    )

  • Country:

    Singapore

  • City:

  • Started in:

    2014

  • Founders:

    Michael Bermingham, Prajit Nanu, Pratik Gandhi

  • Industries:

    Finance, Financial Services, FinTech, Payments, Transaction Processing

  • Number of employees:

    250-500

  • Funding Amount:

    $259.10M

  • Number of funding rounds:

    8

  • Number of investors:

    23

here

ONE

ONE

ONE is a global sports media platform with a global reach of more than 150 countries.

Details of the startup:

  • Valuation:

    $1.00

    B (

    December 2021

    )

  • Country:

    Singapore

  • City:

  • Started in:

    2011

  • Founders:

    Chatri Sityodtong

  • Industries:

    Art, eSports

  • Number of employees:

    250-500

  • Funding Amount:

    $486.00M

  • Number of funding rounds:

    1

  • Number of investors:

    2

here

PatSnap

PatSnap

PatSnap is a marketplace and platform that provides frictionless access to all of the anonymous innovation intelligence you need.

Details of the startup:

  • Valuation:

    $1.00

    B (

    March 2021

    )

  • Country:

    Singapore

  • City:

  • Started in:

    2007

  • Founders:

    Guan Dian, Jeffrey Tiong, Ray Chohan

  • Industries:

    Analytics, Artificial Intelligence, Business Intelligence

  • Number of employees:

    500-1,000

  • Funding Amount:

    $352.32M

  • Number of funding rounds:

    6

  • Number of investors:

    12

here
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