The biggest first-quarter deal in the region was the US$706 million investment by Krungsri Finnovate and MUFG Innovation Partners in the Singapore-based ride-hailing software company Grab Holdings.
The other two Singapore deals that made the top five were the US$75 million investment in eCommerce company ShopBack and the US$37 million in solar energy firm Sunseap Group by separate consortiums, both including Temasek Holdings.