After writing off $275 million FTX investment in November 2022, Temasek cut pay for senior executives who approved the deal following internal review. In October 2024, Temasek-backed ONE Championship laid off 30-40 Singapore employees on the same day it announced a $50 million investment from Qatar Investment Authority, drawing criticism for the juxtaposition of fresh capital alongside retrenchments.
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Temasek
Temasek maintains significant Israeli tech investments including $250 million acquisition of cybersecurity startup Sygnia in 2018, led a $550 million round in Israeli cybersecurity firm Orca Security, backed Team8 foundry, and operates a $150 million "Red Dot" fund focused on Israeli late-stage tech. Also invested $5 million in Tel Aviv University's Ramot technology transfer fund. These investments are business-driven with no public stance on Palestinian issues.
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Temasek — Palestine: MIXED Temasek maintains significant Israeli tech investments including $250 million acquisition of cybersecurity startup Sygnia in 2018, led a $550 million round in Israeli cybersecur… https://reciepts.tech/stance/1606
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See all →Known for cautious due diligence approach. Had four opportunities to invest in FTX before finally committing, declining each time until late. CEO Dilhan Pillay stated Temasek was "disappointed" by FTX outcome and conducted internal review leading to accountability measures. Singapore defended Temasek's long-term return approach (7% over 20 years) versus short-term criticism. Prioritizes governance review in investments but FTX failure raised questions about diligence on complex tech.