A Singaporean Corporate Services Startup Raises US$3 Million in Seed Fundingby Fintech News Singapore October 8, 2020
Lanturn, a Singapore based corporate services startup, announced that it has successfully raised US$3 million in seed funding.
The funding round was led by East Ventures and CoCoon Ignite Ventures, both early-stage venture capital firms.
Joining them were individual investors including Alex Turnbull, Saki Georgiadis, Managing Partner at RVP Equity; Meiyen Tan, the Head of Oon & Bazul’s Restructuring and Insolvency Practice; Chris Kelly, Partner at White & Case in the Asia-Pacific; and Tiang Lim Foo, a venture partner at Next Billion Ventures, and a partner at SeedPlus, a leading Southeast Asian seed fund.
The funds will be used to enhance Lanturn’s corporate service and accounting practices, to continue to develop the Zave corporate services platform, and to underpin the development of new service lines.
“Nobody runs a tech firm, an SME or a fund because they want to do tax filings, accounting, visa applications, etc., and it’s often deeply frustrating how much time administrative tasks can take if you manage them in-house without the benefit of custom-built technology,”
said Velisarios Kattoulas, CEO of Lanturn.
“That’s why we continue to invest in the Zave platform, the corporate services platform that we started building in 2017. We believe it helps us deliver a better service to our clients, it makes sure that our clients and their investors and other stakeholders can easily access key documents, and it puts us in a position to use our clients’ data to help them manage their businesses more effectively,”
Since 2018, Lanturn has provided cloud corporate services for accounting and tax, corporate secretaries, incorporation, virtual CFOs, immigration and visa applications.
Lanturn’s clients include early-stage technology firms, SMEs and Singapore-based private equity firms, venture capital firms and venture debt funds.
Featured Image : Lanturn Facebook