10 exciting Singapore-based startups that raised funding in June 2023

In a world driven by innovation and fueled by ambitious entrepreneurs, the startup ecosystem in Singapore continues to be a hotbed of groundbreaking ideas and transformative technologies. As we pass the halfway point of 2023, we've witnessed a surge of funding this June that has injected a fresh wave of excitement and resources into some remarkable startups. These trailblazers have caught the attention of investors, securing the financial backing to propel their visions to new heights.

From seamless fiat payments for the web3 revolution to revolutionizing bill payments, from pioneering bioenergy solutions to disruptive healthcare investments, these startups embody the spirit of progress and disruption. Let's explore the remarkable journeys of these trailblazing companies that have recently secured outside funding, as they strive to redefine industries, reshape experiences, and leave an indelible mark on our rapidly evolving world.

1. Poko

Poco is a singapore-based web 3 startup the successfully closed a 4.5 million dollar seed funding round in June with participation from investors as noteworthy as y combinator, nazca, Global Founders capital, and Goodwill capital. Plans to use the funds to develop new products, including an SDK or software development kit that offers a USD yield. The company aims to make accessibility in the web 3 environment a worldwide priority and is working on a product to save cash that will allow users to earn a yield on stablecoins. Currently the company's SDKs and APIs allow asset transfer between local payment rails and web3 infrastructure without interruption; these SDKs and apis serve over 11 million active wallets globally.

Follow Poko's official Twitter to receive their latest and most up-to-date information: @poko_app

2. Dtcpay

Dtcpay, a Singapore-based digital payment platform, raised an impressive $16.5 million in June's funding round. The pre-Series A round was led by Pontiac Land Group Chairman Kwee Liong Tek and included participation from prominent investors such as former Carlyle Group Managing Director David Tung and former KPMG Chairman Tham Sai Choy. Dtcpay's plans include utilization of funds to enhance product development, to expand its global reach and influence, to bolster its operations, and to further target sectors like cross-border payments and other web3-based businesses. Dtcpay is a licensed Major Payment Institution under the Monetary Authority of Singapore; as such, dtcpay offers secure transaction processing for both fiat and virtual currencies, which enables effortless conversion and further expands payment options for clients and merchants alike.

Follow dtcpay's official Twitter to receive their latest and most up-to-date information: @dtc_pay

3. Apeiron Bioenergy

Singapore-based Apeiron Bioenergy has raised $37 million through a five-year green bond issuance guaranteed by the Asian Development Bank's Credit Guarantee & Investment Facility. The oversubscribed bond garnered interest from institutional and strategic investors. Apeiron plans to use the funds to expand its waste-based feedstock collection points and pre-treatment facilities in the Philippines, Thailand, and Vietnam, with a focus on producing biofuel from used cooking oil. The company aims to reduce reliance on fossil fuels and contribute to the growth of green energy. Apeiron has previously secured equity investments from Proterra Investment Partners Asia and Mitsui Chemicals.

Visit Apeiron's official website to receive their latest and most up-to-date information: Apeiron Bioenergy

4. Kilde

Kilde is a Singapore-based private debt platform in the digital space. It secured $1.12 million in June's seed funding round. This funding round was led by Big Sky Capital, Borderless Capital, AXL Ventures, the Algorand Foundation, and angel investors. Acceleration brought by this funding will contribute to Kilde's growth and the development of its groundbreaking technology, which allows for improved platform functionality, customer base expansion, and further business scaling. Kilde aims to enhance access to private credit deals by providing revenue-generating collateral as security, allowing investors access to a diverse portfolio of lending companies. June's funding round will also support the launch of the company's flagship product, SafeBay. Kilde is a registered Exempted Financial Advisor with a license from the Monetary Authority of Singapore.

Follow Kilde's official Twitter to receive their latest and most up-to-date information: @KILDE_FinTech

5. OneView

Singapore-based startup OneView has raised S$4 million in seed funding from ADERA Global, Beyon Connect, and Cumulo9 in June. OneView'ss revolutionary aims include disrupting the bill payment and digital communications spaces by providing platform security for the transmission of documents and other value-added e-services. This latest funding will enable OneView to roll out digital post boxes and other communication services in Singapore, which will simplify access to documents for multiple senders within a single unified app. The platform aligns with Singapore's Smart Nation vision and to the country's sustainability goals by reducing paper waste and further promoting digitization. Future plans that OneView has include setting a new standard for digital bill payment services in Southeast Asia.

Visit OneView's official website to receive their latest and most up-to-date information: OneView

6. Hybr1d

Global workforce management platform Hybr1d has raised $3.2 million in a pre-seed funding round from investors including Global Founders Capital, MS&AD, 468 Capital, and 1982 Ventures. The Singapore-based company plans to use the investment to further develop its technology, expand its team, and grow its presence across Europe, APAC, and the Middle East. Hybr1d offers a comprehensive platform for businesses to streamline their IT and HR processes, helping them reduce expenses, increase productivity, and leverage AI capabilities. The company's global reach sets it apart, serving over 5,000 users in more than 30 organizations across 80 countries.

Follow Hybr1d's official Twitter to receive their latest and most up-to-date information: @hybr1d_io

7. Trip Affiliates Network

TA Network, a cloud-based technology solutions provider for the travel and hospitality sector, has raised $4.5 million in a Series A funding round to expand its business across Asia. The company offers high-performance distribution and turnkey solutions, facilitated by robust connectivity and digital payment services, to create an open travel ecosystem for hotels, travel wholesalers, operators, and destination management companies. The funding will be used to accelerate growth and adoption of TA Network's platform services, hire resources, conduct on-ground marketing activities, and enhance its product offerings to support geographic expansion in the Greater China region and Asia Pacific.

Visit TA Network's official website to receive their latest and most up-to-date information: Trip Affiliates

8. VolitionRx

VolitionRx Limited, a multinational epigenetics company, has closed its underwritten public offering of common stock, generating approximately $16.5 million in gross proceeds. The company plans to use the net proceeds for research, product development, clinical studies, product commercialization, working capital, and general corporate purposes, including potential strategic acquisitions. Freedom Capital Markets acted as the book-running manager for the offering, and Bancroft Capital served as the co-manager. Volition is focused on developing simple, cost-effective blood tests based on its proprietary nucleosome quantification platform to diagnose and monitor various diseases, including certain cancers and diseases associated with NETosis.

Follow VolitionRX's official Twitter to receive their latest and most up-to-date information: @VolitionRx

9. Quadria Capital

Proparco, a subsidiary of Agence Française de Développement Group, has invested $35 million in private equity firm Quadria Capital. Quadria Capital, focused on mid-cap healthcare companies in South and Southeast Asia, aims to develop affordable and high-quality healthcare offerings in the Indo-Pacific region. The partnership between Proparco and Quadria Capital aligns with France's development policy of universal access to health. Quadria Capital has previously invested in transformative businesses in the healthcare sector, including Bengaluru-based MediBuddy. The investment comes as India's healthtech market is projected to reach $21.3 billion by 2025.

Follow Quadria Capital's official Twitter to receive their latest and most up-to-date information: @QuadriaCapital

10. WeGoWhere

Singapore-based social networking platform WeGoWhere has raised $1.2 million in a seed funding round led by 500 Global. Goodwater Capital, Wing Vasiksiri, Peng T. Ong, and existing investor Antler also participated in the round. WeGoWhere will use the funding to drive product innovation, enhance the user experience, and expand into new markets in Southeast Asia. The platform helps users build and nurture in-person relationships by allowing them to share plans in advance, discover curated meetups, and organize gatherings. WeGoWhere currently has a community of over 300,000 users in Thailand and aims to foster more meaningful connections through real-life shared experiences.

Visit WeGoWhere's official website to receive their latest and most up-to-date information: WeGoWhere

Wrap-Up

As our exploration draws to an end, one thing is certain: the entrepreneurial spirit, fueled by groundbreaking ideas, relentless determination, and strategic investments, is reshaping industries, redefining norms, and pushing the boundaries of what was once deemed impossible.

From Poko's quest to seamlessly integrate fiat payments into the web3 revolution, to VolitionRx's mission of revolutionizing cancer diagnosis through easy-to-use blood-based tests, and from Hybr1d's end-to-end employee lifecycle management system to Quadria Capital's strategic investments in the high-growth healthcare sector, each of these startups represents a catalyst for change.

With innovation as their driving force, these startups are not only disrupting existing paradigms but also creating new ones. They are fostering collaborations, enabling connectivity, and opening up previously untapped opportunities. They are the architects of progress, the pioneers of transformation, and the torchbearers of a future where possibilities are limitless.

The future belongs to the audacious, the visionaries, and the disruptors.