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Singapore boosts startup funding amid pandemic slowdown

Extra $200 million to ease tech fundraising uncertainty

Southeast Asian VCs raised a total of $1.58 billion for new funds in the first half of 2019, on track to top last year's total of $2.12 billion.   © Reuters

SINGAPORE -- The Singapore government committed an extra 285 million Singapore dollars ($200 million) on Tuesday to top up an existing scheme to boost tech startups.

As capital flowing into the city-state dries up amid the uncertainties triggered by the coronavirus pandemic, the Singapore government will match the money venture capitalists put into startups.

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