The Full List of 30 Unicorn Startups in Singapore (2026)
Singapore is home to 30 unicorn startups across a variety of industries. The online marketplace Shein leads the group with a valuation of $66B. The ecosystem also features rapidly growing companies like AI firm MiniMax, which reached a $4B valuation since its 2021 founding. Fintech is another key sector, with companies such as Airwallex raising $1.2B in total funding.
Below is the full list of 30 Singapore unicorn startups at this time.
Top 10 Most Valuable Singapore Unicorns
Shein created a global fast-fashion empire through its direct-to-consumer e-commerce marketplace. They offer a vast and rapidly changing catalog of trendy apparel, accessories, and home goods at famously low prices.
| Valuation | $66B (Joined July 2018) |
| Headquarters | Singapore, Central Region, Singapore |
| Year Founded | 2008 |
| Founders | Chris Xu, Yangtian Xu |
| Funding Amount | $4.1B |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Private Equity |
| Top Investors | Tiger Global Management, Mubadala, General Atlantic, IDG Capital, HSG |
Airwallex provides a global financial platform that combines business accounts, cross-border payments, and spend management tools into a single solution. Their platform allows companies to handle everything from global payments to employee expenses without the complexity of traditional banking.
| Valuation | $8B (Joined March 2019) |
| Headquarters | Singapore, Central Region, Singapore |
| Year Founded | 2015 |
| Founders | Jack Zhang, Jacob Dai, Ki-Lok Wong, Lucy Yueting Liu, Max Li |
| Funding Amount | $1.5B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series G |
| Top Investors | Addition, HSG, Blackbird Ventures, Hillhouse Investment, Salesforce Ventures, Sequoia Capital |
MiniMax develops multimodal AI foundation models designed to generate a wide spectrum of content, from text and audio to images and music. They provide a powerful, unified engine that enables developers to create complex applications that process and generate these diverse media types.
| Valuation | $4B |
| Headquarters | Singapore, Central Region, Singapore |
| Year Founded | 2021 |
| Founders | Junjie Yan |
| Funding Amount | $1.2B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Tencent, HSG, Gaorong Capital, IDG Capital, Alibaba Group |
Grab Financial Group builds and operates a suite of financial services covering payments, rewards, lending, and insurance. They are the fintech arm of the Grab super-app, integrating these tools directly into the platform for users across Southeast Asia.
| Valuation | $3B |
| Headquarters | Midview City, Central Region, Singapore |
| Year Founded | 2018 |
| Founders | Ankur Mehrotra |
| Funding Amount | $4B |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Series A |
| Top Investors | Lightspeed Venture Partners, Flourish Ventures, Microsoft, SoftBank Vision Fund, Toyota Motor |
Sky Mavis created Axie Infinity, a popular blockchain game built around a player-owned economy. They also developed the Ronin Network, an Ethereum sidechain designed to scale web3 games.
| Valuation | $3.B (Joined October 2021) |
| Headquarters | Singapore, Central Region, Singapore |
| Year Founded | 2019 |
| Founders | Aleksander Leonard Larsen, Jeffrey Zirlin |
| Funding Amount | $311M |
| Company Size | Mid-Size Team (51-250) |
| Last Funding Status | Series C |
| Top Investors | Paradigm, 500 Global, Accel, Samsung NEXT, Andreessen Horowitz |
Moglix operates an expansive online marketplace for business supplies and industrial equipment. They connect thousands of suppliers and buyers, streamlining procurement for everything from safety gear to power tools.
| Valuation | $3B (Joined May 2021) |
| Headquarters | Singapore, Central Region, Singapore |
| Year Founded | 2015 |
| Founders | Rahul Garg |
| Funding Amount | $472.2M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series F |
| Top Investors | International Finance Corporation, Accel, Alpha Wave Global, Peak XV Partners, Bessemer Venture Partners |
Star Charge develops and manufactures charging equipment and software for electric vehicles. They provide a full suite of solutions for building and managing EV charging infrastructure and microgrid systems globally.
| Valuation | $2.41B (Joined May 2021) |
| Headquarters | Singapore, Central Region, Singapore |
| Year Founded | 2014 |
| Founders | — |
| Funding Amount | CN¥855M |
| Company Size | Enterprise Organization (5,001+) |
| Last Funding Status | Series B |
| Top Investors | Schneider Electric, Hillhouse Investment, CICC, Taikang Insurance Group, IDG Capital |
Bolttech builds a technology-enabled ecosystem for protection and insurance. Their platform acts as a global exchange, connecting insurers, distributors, and customers to simplify the process of buying and selling insurance products.
| Valuation | $2.1B (Joined July 2021) |
| Headquarters | Singapore, Central Region, Singapore |
| Year Founded | 2020 |
| Founders | Richard Li |
| Funding Amount | $690.2M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series C |
| Top Investors | Baillie Gifford, MetLife, Activant Capital, Khazanah Nasional, LeapFrog Investments |
Trax builds computer vision solutions for the retail industry, turning shelf images into real-time, actionable data. Their platform helps consumer brands and retailers monitor store conditions, measure performance, and optimize on-shelf availability to increase sales.
| Valuation | $2B (Joined July 2019) |
| Headquarters | Singapore, Central Region, Singapore |
| Year Founded | 2010 |
| Founders | Dror Feldheim, Joel Bar-El |
| Funding Amount | $1.1B |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | BlackRock, Warburg Pincus, Boyu Capital, Deutsche Bank, SoftBank Vision Fund |
Matrixport provides a financial services platform for digital assets. Users can invest, trade, and leverage their crypto holdings through its integrated suite of products.
| Valuation | $2B (Joined June 2021) |
| Headquarters | Singapore, Central Region, Singapore |
| Year Founded | 2019 |
| Founders | Daniel Yan, Jihan Wu, Yuesheng Ge |
| Funding Amount | $138M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series C |
| Top Investors | Paradigm, CMT Digital, Qiming Venture Partners, Lightspeed Venture Partners, Dragonfly |
The Remaining 20 Unicorns Founded in Singapore
The top 10 unicorns are only part of the picture. A whole new wave of founders is building great companies all over the island.
These companies have raised over $11 billion combined, working in everything from AI to fashion. Here’s a look at the other unicorns that make Singapore’s startup scene so strong.
| Unicorn Startup | Main Industry | Year Founded | Amount Raised | Valuation |
|---|---|---|---|---|
 Ninja Van | Logistics | 2014 | $1B | $2B |
 Tyme Group | Fintech | 2018 | $566.8M | $2B |
 Kredivo Group | Fintech | 2015 | $750M | $2B |
 Advance Intelligence Group | AI | 2016 | $616M | $2B |
 Spark Education Group | Education | 2016 | $593M | $2B |
 Coda | Media | 2011 | $715.3M | $2B |
 Quest Global | Enterprise | 1997 | $1.1B | $2B |
 Nium | Fintech | 2014 | $338M | $1.4B |
 Klook | Travel | 2014 | $1B | $1.35B |
 Polyhedra Network | Crypto | 2022 | $45M | $1.25B |
 Carousell | Marketplace | 2012 | $375.4M | $1.1B |
 Airalo | Media | 2019 | $287.3M | $1B |
 Univers | Energy | 2017 | $210M | $1B |
 PatSnap | Analytics | 2007 | $351.6M | $1B |
 Ultragreen.ai | Manufacturing | 2024 | $188M | $1B |
 Silicon Box | AI | 2021 | $1.9B | $1B |
 ONE Championship | Media | 2011 | $565M | $1B |
 Multichain | Crypto | 2020 | $60M | $1B |
 V3 Group | Fashion | 1980 | SGD366M | $1B |
 Carro | Mobility | 2015 | $820.5M | $1B |
