For the second year running, Singapore has dominated Forbes Asia's prestigious 100 to Watch list, showcasing the region's most promising startups and small businesses. This year's edition brings attention to companies that embody resilience and potential for success despite the challenges posed by rising interest rates.
The Forbes Asia 100 to Watch list is a celebration of innovation and entrepreneurship, spotlighting companies headquartered in the Asia-Pacific region. To be eligible for consideration, companies must be privately owned, for-profit entities with no more than $50 million in annual revenue and no more than $100 million in total funding by August 7, 2023. This year's selection is unranked, reflecting the diverse range of industries and markets represented.
One standout inclusion in the list is Lexagle, the only legal tech company that was shortlisted this year. With a focus on revolutionizing the way businesses operate, Lexagle's innovative solutions have garnered attention not only for their technical prowess but also for their potential to create a meaningful impact on the market.
Justin Doebele, the Editor of Forbes Asia, emphasizes the resilience and determination demonstrated by the companies featured on this year's list. In a climate of increasing financial challenges for startups, these companies represent a beacon of hope, poised to become the success stories of tomorrow.
Singapore, once again, leads the list with an impressive 20 companies making the cut, up from 19 in the previous year. This reaffirms Singapore's status as a thriving hub for innovation and entrepreneurship. The range of industries represented, from consumer technology to biotechnology and healthcare, underscores the diversity and depth of Singapore's startup ecosystem.
The 100 to Watch list spans a wide array of industries, with 13 countries and territories represented across 11 categories. From biotechnology and healthcare to e-commerce and finance, the list showcases the varied and vibrant landscape of businesses in the Asia-Pacific region.
The final list was meticulously curated from over 550 submissions. The editors evaluated each submission based on criteria such as regional impact, revenue growth, funding, and compelling narratives. Forbes Asia is committed to ensuring that every company listed truly embodies the spirit of innovation and potential for growth.
Lexagle being featured in the Forbes Asia 100 to Watch list is a testament to the company’s dedication to innovation and potential for future success. As Singapore continues to lead the way in fostering technological advancement in business, companies like Lexagle are at the forefront of shaping the region's entrepreneurial landscape. With their groundbreaking solutions, they are not only transforming enterprise technology but also setting the stage for a brighter future in the Asia-Pacific market.
For the complete list of Forbes Asia's 100 to Watch, visit www.forbes.com/100toWatch.
