According to HubSpot for Startups’ 2025 Hypergrowth Startup Index, Singapore has overtaken San Francisco as the city with the highest concentration of fast-growing startups.

The report highlights the growing significance of Asian cities, with Shanghai and Beijing also emerging as major innovation centers.

Investors are now focusing on sustainable business models and strategic partnerships rather than rapid scaling.

Monthly deal counts have dropped by 50% since 2021, while average deal sizes have increased by 43%, reaching US$50 million in 2024.

Mergers and acquisitions (M&A) have become the preferred exit strategy, representing 43% of recent exits, while IPOs accounted for only 6%.

Traditional sectors, like energy, are outpacing tech-driven industries, with energy growing 37%, IT 36%, and B2B 35%.