Country comparison

Singapore vs Italy: startup funding compared

Since 5 June 2025, startups in Singapore raised $9.2B across 71 rounds, 5.1 times Italy's $1.8B.

$9.2BCapital raised$1.8B
71Rounds117
$10.5MMedian round$3.8M
1.3%Share of all capital0.3%
52%Early-stage rounds57%

Capital raised running total by month

$9.2B$4.6B Singapore, end of Jun 25: $80MSingapore, end of Jul: $317MSingapore, end of Aug: $353MSingapore, end of Sept: $373MSingapore, end of Oct: $422MSingapore, end of Nov: $478MSingapore, end of Dec: $915MSingapore, end of Jan 26: $3BSingapore, end of Feb: $3BSingapore, end of Mar: $3.3BSingapore, end of Apr: $3.4BSingapore, end of May: $3.4BSingapore, end of Jun: $7.9BSingapore, end of Jul: $8.9BSingapore, end of Aug: $9BSingapore, end of Sept: $9.2BSingapore, end of Oct: $9.2BSingapore, end of Nov: $9.2BItaly, end of Jun 25: $56.9MItaly, end of Jul: $171MItaly, end of Aug: $177MItaly, end of Sept: $245MItaly, end of Oct: $720MItaly, end of Nov: $897MItaly, end of Dec: $1BItaly, end of Jan 26: $1.1BItaly, end of Feb: $1.1BItaly, end of Mar: $1.1BItaly, end of Apr: $1.2BItaly, end of May: $1.4BItaly, end of Jun: $1.4BItaly, end of Jul: $1.4BItaly, end of Aug: $1.4BItaly, end of Sept: $1.8BItaly, end of Oct: $1.8BItaly, end of Nov: $1.8B Jun 25SeptDecMarJunSept
SingaporeItaly
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Where the money goes share of capital by sector

Singapore

  • Enterprise software71%$6.5B
  • AI13%$1.2B
  • Fintech6%$550M
  • Web35%$478M
  • Consumer2%$229M
  • Robotics & Hardware2%$143M

Italy

  • AI30%$544M
  • Enterprise software20%$358M
  • Health19%$335M
  • Other10%$178M
  • Robotics & Hardware6%$116M
  • Cybersecurity6%$101M

Biggest rounds

Stage mix share of rounds

SingaporeItaly
30%Pre-Seed and Seed44%
23%Series A13%
8%Series B3%
7%Series C and later3%
32%Other or undisclosed36%

Most active investors rounds joined

InvestorSingaporeItaly
CDP Venture Capital·29
Vento·11
360 Capital·8
United Ventures·8
Italian Founders Fund·6
Club degli Investitori·5
Tin Men Capital5·
Vento Ventures·5
Vertex Ventures Southeast Asia & India5·
Vertis SGR·5
Base10 Partners·4
Entourage·4

Startup hubs rounds and capital by city

Singapore

  • Bengaluru1$450K

Italy

  • Milan53$976M
  • Rome9$381M
  • Genoa2$85.9M
  • Turin10$49.5M
  • Pianezza1$23.5M
  • Cantù1$17.2M

Latest rounds

Questions

Which country raised more startup funding, Singapore or Italy?

Singapore. Since 5 June 2025, startups in Singapore raised $9.2B across 71 rounds, against $1.8B across 117 rounds in Italy, 5.1 times more. That is 1.3% and 0.3% of all the capital FundraiseBase tracked worldwide over the period.

How many startup funding rounds were announced in Singapore and Italy?

71 rounds in Singapore and 117 rounds in Italy since 5 June 2025, about 4 and 7 a month.

Are startup rounds bigger in Singapore or Italy?

The median round is $10.5M in Singapore and $3.8M in Italy, and the average round $130M and $15.3M. The median shows the typical round; the average is pulled up by a few very large ones.

What is the biggest startup round in Singapore?

The biggest startup rounds in Singapore since 5 June 2025 are DayOne Data centers ($4.5B, Series C, 5 Jun 2026), DayOne Data Centers ($2B, Series C, 5 Jan 2026) and PixVerse ($439M, 14 Jul 2026).

What is the biggest startup round in Italy?

The biggest startup rounds in Italy since 5 June 2025 are Exein ($270M, 15 Sept 2026), Bending Spoons ($270M, Growth, 30 Oct 2025) and AAVantgarde Bio ($141M, Series B, 3 Nov 2025).

Which sectors attract the most startup funding in Singapore and Italy?

In Singapore, Enterprise software ($6.5B, 71% of the capital), AI ($1.2B, 13%) and Fintech ($550M, 6%) lead. In Italy, AI ($544M, 30% of the capital), Enterprise software ($358M, 20%) and Health ($335M, 19%) lead.

Is Singapore or Italy better for early-stage startups?

Early-stage rounds (Pre-Seed, Seed and Series A) make up 52% of rounds in Singapore and 57% in Italy. Singapore recorded 21 Pre-Seed or Seed rounds and Italy 52 Pre-Seed or Seed rounds, with a median of $2.6M and $2.3M.

How much growth funding (Series B and later) goes to Singapore and Italy?

Startups in Singapore raised $7.4B in 11 Series B or later rounds, 81% of the country's capital. In Italy, $461M in 8 rounds, 26% of the capital.

Who are the most active startup investors in Singapore?

Vertex Ventures Southeast Asia & India (5 rounds, 5 led), Tin Men Capital (5 rounds, 4 led) and Peak XV Partners (4 rounds, 1 led) are the most active investors in Singapore.

Who are the most active startup investors in Italy?

CDP Venture Capital (29 rounds, 10 led), Vento (11 rounds) and United Ventures (8 rounds, 6 led) are the most active investors in Italy.

Which investors back startups in both Singapore and Italy?

4 investors joined rounds in both countries. The most active: AMD Ventures (2 in Singapore, 1 in Italy), Left Lane Capital (1 in Singapore, 1 in Italy), T. Rowe Price (1 in Singapore, 1 in Italy) and FJ Labs (1 in Singapore, 1 in Italy).

Which cities lead startup funding in Singapore and Italy?

Bengaluru leads Singapore with $450K across 1 round. Milan leads Italy with $976M across 53 rounds, ahead of Rome ($381M).

Which month brought the most startup funding?

In Singapore, June 2026 ($4.5B). In Italy, October 2025 ($474M).

How much did startups in Singapore and Italy raise in the last 90 days?

In the 90 days to 12 Nov 2026, startups in Singapore raised $161M across 11 rounds and in Italy $391M across 12 rounds.

Where does this data come from?

FundraiseBase lists startup funding rounds from public announcements: press releases, company posts and news coverage, checked and updated every day. Amounts are in US dollars. Some rounds are never announced, so the figures show what was made public, not every round. Corrections are welcome.

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