The final 12 months and a half can’t have been straightforward for anybody. With the worldwide pandemic nonetheless raging on, we have fun the small wins at any time when we are able to. For this reason LinkedIn’s checklist of Prime Startups 2021 serves as a supply of encouragement and hope.
To place collectively this 12 months’s rankings, LinkedIn accessed their knowledge throughout 4 pillars: worker progress, jobseeker curiosity; member engagement with the corporate and its workers; and the way nicely these startups pulled expertise from our flagship LinkedIn Prime Corporations Checklist.
To be able to be eligible, firms should be seven years outdated or youthful, have at the very least 50 workers, be privately held and be headquartered in Singapore.
Right here’s a have a look at the 15 startups in Singapore which have seen super progress this 12 months:
1. Advance Intelligence Group
Based in 2016 and now with 1,500 workers, Advance Intelligence Group is the one to look at.
Advance Intelligence Group makes use of synthetic intelligence to energy its vary of manufacturers, together with Advance.AI, which helps finance and retail firms cease fraud, automate processes, and purchase now, pay later platform Atome.
ThisCollection C-backed firm now has a presence throughout 12 markets: Singapore, Indonesia, Philippines, Hong Kong, Malaysia, Vietnam, Mainland China, India, Thailand, Taiwan, Mexico and Pakistan.
Plus, Advance.AI simply obtained US$200 million in a funding spherical that can propel it right into a small group of Southeast Asia unicorns.
This funding is from Warburg Pincus, one of many world’s largest personal fairness companies. This massive infusion of money is anticipated to assist Advance Intelligence GroupI scale up its enterprise considerably.
If you happen to’ve ever considered investing, chances are high you’ve come throughout Endowus. CPF investing is commonly missed by many Singaporeans, or it’s merely handled as a backup “conflict chest” to purchase shares or funds low cost when the market is present process a deep low cost.
Arrange in 2017, this digital wealth advisor helps individuals in Singapore attain retirement targets and turn into extra financially literate by providing varied investing choices for money, Central Provident Fund (CPF) and Supplementary Retirement Scheme (SRS) funds.
Endowus has raised over S$23 million in funding in a Collection A spherical and plans to make use of to funds to quickly scale up its funding and develop into different key Asia wealth hubs, beginning with Hong Kong.
Many adjustments accompany the pandemic, and certainly one of them is the face of well being care. Homage combines curated and educated care professionals with good know-how that’s focused at seniors.
This manner, seniors in want of care providers might be matched with nurses, physiotherapists and different well being professionals on Homage’s app, which operates in Singapore, Malaysia and Australia.
The eldertech startup has additionally lately raised US$30 million (S$40 million) funding in a Collection C spherical led by Sheares Healthcare Group, a wholly-owned healthcare enterprise of world funding agency Temasek.
New traders that joined the spherical embody DG Daiwa Ventures and Sagana Capital, in addition to present traders East Ventures (Progress), HealthXCapital, SeedPlus, Trihill Capital and Alternate Ventures.
You don’t need to be a gamer to need certainly one of Secretlab’s premium gaming chairs. The corporate has bought the gaming chairs to greater than 60 international locations, and with the latest make money working from home growth, orders for his or her chairs have surged.
Most notably, Secretlab has made waves with its huge hiring train. They wish to fill greater than 100 jobs after experiencing unimaginable progress in recent times.
The corporate’s co-founder and Chief Technique Officer Alaric Choo mentioned that it’s hiring round 80 engineers and designers and new hires for advertising, public relations, and world operational roles.
As one of many largest homegrown startups, Secretlab together with a few of the entrants on this checklist was talked about on this 12 months’s Nationwide Day Rally. A proud second for the parents at Secretlab certainly.
An app that’s completely important in the event you plan to enterprise into the startup enviornment, Aspire is nice for enterprise homeowners.
They’ve a set of monetary instruments for small companies, together with invoicing and cash transfers. They aspire to turn into a “one-stop-shop” for entrepreneurs who need to scale up their companies in Southeast Asia.
Its flagship product, AspireAccount, presents money move administration and business-to-business cost acceptance providers to digital retailers in Southeast Asia.
So far, the corporate has raised US$40 million from varied traders, together with its newest financing spherical led by MassMutual Ventures.
Based in 2016, StashAway was an answer for CEO Michele Ferrario to fight the over-priced merchandise and low-quality, biased, one-size fits-no-one recommendation which can be usually peddled by banks.
He got down to construct the funding merchandise he needed to additionally supply them throughout the area.
StashAway presents world growth-oriented funding portfolios focusing on completely different ranges of threat, a yield-focused Earnings Portfolio, and StashAway Easy, a simple money administration resolution.
Most lately, StashAway has additionally expanded into Thailand making it the fourth abroad market since its founding in 2016.
StashAway additionally has operations in Hong Kong, Malaysia and the United Arab Emirates.
It at present manages greater than US$1 billion in belongings and has raised US$61.4 million in six funding rounds. The corporate is backed by main enterprise capital companies, together with Sequoia Capital India, Eight Roads Ventures and Sq. Peg.
7. Physician Anyplace
The brand new regular of the pandemic has sparked the rise of telemedicine. Physician Anyplace is a startup that thrived on the peak of the pandemic in 2020.
Its founder, chief government officer and chairman Wai Mun Lim, who was beforehand an funding supervisor, was impressed by the successes of telehealth startups Teladoc and MDLive in the US.
Physician Anyplace is headquartered in Singapore, with workplaces throughout Southeast Asia and in India.
Physician Anyplace lately raised S$88 million in a Collection C funding. The spherical was led by Asia Companions, with participation from Novo Holdings, Philips and OSK-SBI Companions. It additionally included returning traders EDBI, Sq. Peg, IHH Healthcare, Kamet Capital and Pavilion Capital.
If you happen to’ve ever shopped on-line, chances are high you’d have used ShopBack to get extra bang on your buck. It was based in 2014 by Henry Chan, Joel Leong, and Shanru Lai.
In December final 12 months, it raised US$75 million in an prolonged funding spherical led by Temasek, with participation from present traders like Rakuten and EDBI. Whole publicly recognized funding is at US$113 million since its inception.
The pandemic has not stopped ShopBack from a 150 per cent income progress. The startup payments itself as the most important rewards and discovery platform in Asia Pacific and has a presence in Malaysia, Indonesia, the Philippines, Thailand, Taiwan, Australia, Vietnam, and South Korea.
CARRO is Southeast Asia’s largest AI-driven automobile market offering customers with transparency and high quality assurance when shopping for, promoting and financing a automobile. Ever because it accomplished a US $360 million (S$477.62 million) funding spherical that boosted its valuation to US$1 billion, CARRO has formally entered the unicorn membership.
With CARRO changing into a unicorn in June, the web platform for purchasing and promoting used automobiles in Southeast Asia has even greater aspirations to turn into a “decacorn” in “the following few years”, in response to CEO Aaron Tan.
CEO and co-founder Aaron Tan is already aiming for an 11-figure valuation. To not point out, Carro even have their sights set on an IPO, thrilling issues are within the works for Carro certainly.
If you happen to’ve paid shut consideration to this 12 months’s Nationwide Day’s Rally, you’ll keep in mind Carro additionally had the honour of being talked about as certainly one of Singapore’s homegrown firm.
One other unicorn in our midst, fintech firm Nium lately secured US$200 million in funding. Nium was born out of a mission to simplify the funds expertise for shoppers and companies worldwide.
Specialising in cross-border funds, the startup is now making a critical play into the journey sector and enlargement into the US market. Now, Nium goals to develop into the U.S. market, the place it already has a crew in San Francisco.
It looks like Singapore has no scarcity of unicorns, Nium can be a proud member of the unicorn membership. Nium falls underneath the class of Temasek backed startups which have galloped their manner into shiny unicorns. as certainly one of startups backed by
Temasek had injected about US$15.8 million in capital into Nium, and Temasek unit Ossa Investments now owns a 27 per cent stake in Nium.
Validus is Southeast Asia’s largest SME financing platform for small companies, particular person and institutional traders. Validus goals to drive inclusive progress for SMEs and economies within the ASEAN area through the use of knowledge analytics and AI to avail progress to underserved SMEs.
Validus has a presence in Indonesia, Vietnam, and Thailand and makes use of knowledge analytics and A.I. to drive inclusive progress for SMEs within the area.
MiRXES is a Singapore-headquartered biotechnology firm that interprets analysis discoveries to ship world-leading multi-cancer early detection. They’ve analysis, growth, manufacturing, and medical diagnostic operations in Singapore, USA, Japan, and China. We have now gross sales and distribution networks worldwide.
MiRxes has lately raised US$77 million in a Collection C spherical in June to hurry analysis into most cancers detection exams.
Zenyum is a Singapore startup that provides a line of inexpensive beauty dental therapies that’s a fraction of the price of conventional invisible braces.
Their mixture of teledentistry – or distant dental care – and orthodontist visits are particularly vital throughout Covid-19, the place face-to-face consultations are diminished.
With self-care on the rise, Zenyum makes the method of attaining your excellent smile simpler than ever.
You’re not the one one which’s smiling, Zenyum has lately raised US$40 million in a spherical of Collection B funding.
This contains US$25 million from L Catterton, a non-public fairness agency centered on client manufacturers. The spherical’s different members have been Sequoia Capital India, RTP International, Partech, TNB Aura, Seeds Capital and FEBE Ventures.
On-line property search tech agency 99.co is a platform that means that you can simply discover the most recent resale properties at your fingertips.
The startup has raised US$33.1 million of funding in complete. The latest was in 2019, the place it gained US$8 million in funding from REA Group, by means of the acquisition of the group’s client manufacturers iProperty in Singapore and Rumah123 in Indonesia.
Regardless of the pandemic, 99. co achieved a 62 per cent leap in income in 2020 attributable to cost-cutting measures, tech improvements and a modified enterprise mannequin.
15. Ninja Van
With all our on-line purchasing, it’s no surprise why Ninja Van has made it to the checklist for the second time. Apparently, the logistics and package deal supply firm is eyeing an preliminary public providing subsequent 12 months.
Based in 2014, the logistics startup Ninja Van is headquartered in Singapore and has operations in 5 different regional markets: Malaysia, the Philippines, Indonesia, Thailand and Vietnam.
Information platform VentureCap Insights exhibits that the Collection C spherical had valued Ninja Van at US$779.8 million.
Featured picture credit score: Carro, Ninja Van, Stash Away, Secretlab