Singapore’s cloud-based corporate service provider Sleek raises $5m

Singapore’s cloud-based corporate service provider Sleek has raised $5 million in an extended seed round co-led by Asia-focused private investment company MI8, according to an announcement.

The financing, which was joined by private investors Pierre Lorinet and Fabio Blom, will help the company expand its tech team and build new features for clients.

Lorinet, a non-executive director at Trafigura Group Pte Ltd and Puma Energy Holdings Pte Ltd, will join Sleek’s board after the investment.

Other notable investors of Sleek include Martin Crawford, former group CEO of corporate services giant Vistra; Olivier Gerhardt, founder of Wavecell; Eric Barbier, founder of TransferTo; Olivier Legrand, Asia MD at LinkedIn; and Stem Financial, a Hong Kong-based private investment firm.

Founded in 2017 by Julien Labruyere and Adrien Barthel, Sleek helps companies get incorporated in Singapore and Hong Kong and manage their governance, accounting and tax matters.

“With its technology, Sleek offers that autopilot service every entrepreneur is looking for, especially in countries such as Singapore or Hong Kong where everything goes so fast,” said Lorinet.

Sleek’s client base ranges from local startups, subsidiaries of MNCs to private equity/venture capital funds and family offices. The service provider claims to have grown to 85 staff and on-boarded more than 2,000 companies since its incorporation.

Source: www.dealstreetasia.com

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