EDBI Newsletter 2021 Q2

EDBI portfolio companies Sprinklr and WalkMe debuted on the NYSE and NASDAQ
respectively in June, bringing the number of IPOs from our portfolio this year to three,
joining Appier which listed on the TSE in March.

EDBI Newsletter 2021 Q1

SPAC wave arrives in Southeast Asia. The ongoing surge of SPAC-related activities
in the US arrived on the shores of Southeast Asia in recent months, with Grab announcing
their record-breaking deal and planned NASDAQ listing followed by news of other SPAC
developments from the likes of Traveloka, PropertyGuru and Bukalapak as well as
regulatory consultations by regional bourses including in Singapore and
Indonesia, underscoring the region’s ability to produce successful global companies.

EDBI Newsletter 2020 Q2

During the last quarter, the COVID-19 pandemic further transformed our investment landscape,
bringing consumers and companies to a standstill in more ways than one. Singapore’s startup
ecosystem has had to grapple with the pandemic’s effect, from cashflow shortages to pivoting their
business models.