Online corporate service platform Sleek secures US$5M seed round
Singapore-based online corporate services provider Sleek just announced that it has snagged US$5 million in an extended seed round, expecting to use the funds to accelerate its development in Hong Kong.
It also plans to use the new funds to expand its tech team, develop new features, and increase its operational capability.
Sleek’s funding round was led by Asia-focussed private investment firm MI8, Trafigura non-executive director Pierre Lorinet, who will be taking a seat at Sleek’s board of directors as part of the deal, and angel investor Fabio Blom. Other investors joining on the round include current and former executives at Vistra, Wavecell, TransferTo, LinkedIn, and Stem Financial, as reported by Tech In Asia.
Sleek was formed in 2017 to serve companies in both Singapore and Hong Kong and provide an online platform that helps them with governance, accounting, and tax matters. Founded by Julien Labruyere and Adrien Barthel, the company was in fruition after both experienced the frustrations of dealing with the traditional paper-based company registration process.
Sleek offers services such as company name changes, updates on registered business addresses, and declaration and distribution of dividends. It provides more premium packages for additional services that include setting up a central business district address in Singapore for companies starting from overseas.
“As a historical Asian financial hub with six times more operating companies than in Singapore and an amazing business ecosystem, Hong Kon is the market that looks for new user experience,” said Barthel, Sleek’s co-founder and chief growth officer.
The startup said that it serves local startups and multinational corporation subsidiaries, as well as private equity, venture capital funds, and family offices.