After the collapse of crypto exchange FTX, Singapore’s state-owned investment firm Temasek has significantly scaled back its involvement in early-stage startups, cutting investments by 88% over three years, as per a report.
Conservative Approach Replaces High-Risk Betting
Temasek, which is one of the world’s biggest investors, has changed its strategy to focus more on conservative investments as it now makes bigger commitments to a smaller number of companies that are closer to going public, as per the Financial Times.
The investment group pointed out that it has reduced its early-stage investments to 6% of its portfolio in 2021 because it is “cognisant of the risks and challenges early-stage companies face,” as quoted in the…
