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Sleek raises US$4M in fresh funding

Singapore-based startup Sleek has secured US$4 million in fresh funding from a clutch of investors, led by SEEDS Capital, the investment arm of Enterprise Singapore.

Other co-investors are MI8 Limited, a Hong-Kong multi-family office, and Pierre Lorinet.

The three-year-old company will use the money to expand into new markets in Asia and further enhance its digital tools.

Founded by Labruyere and Adrien Barthel, Sleek is a platform that incorporates and manages companies with simple and efficient online tools. Its services include digital incorporation, company secretary, tax filing and accounting services.

The firm claims that it currently manages a portfolio of more than 3,000 companies with almost US$10 million in cash Annual Recurring Revenue (ARR). It reached operating financial breakeven a few months ago.

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