fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Featured

Singapore’s Monk’s Hill Ventures leads Starboard’s $3.5m pre-Series A funding

Team AsiaTechDaily by Team AsiaTechDaily
02 September 2022
in Featured, Software
0
Starboard
27
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

Singapore-based venture capital (VC) investor Monk’s Hill Ventures has led the $3.5-million pre-Series A funding in Starboard, a platform for founders to start and run their companies globally.

The funding round was also backed by Actium Partners, Iterative Capital, Bruno Poh (General Counsel, Lyte Ventures), Lelaina Lim (CFO, Eu Yang Sang International Limited), Michael Tor (Executive Director, UOB), Soh Gin Wee, Sulyana Binte Abdul Aziz, and Terrence Hoon.

Starboard is focused on building a ‘Company OS (Operating System)’ to address a founder’s need to efficiently run global companies on a single platform with access to a range of corporate services including accounting and bookkeeping, compliance, payroll, visa applications and more. These services also include company formation and structuring, ESOP advisory and fractional-CFO services.

The startup said it will use the funds raised to expand Starboard’s engineering, operations and customer success teams, supporting users in Singapore, Southeast Asia, and the US.

Starboard’s platform automates workflow for corporate entity management and governance to increase productivity and reduce errors by traditional corporate service providers (CSPs). In Singapore alone, there are 2,000 such providers servicing over 290,000 SMEs.

Starboard
Melvin Yuan, Founder & CEO of Starboard

The company has also set up operations in Silicon Valley to enable clients from Singapore and Southeast Asia to manage their US subsidiaries as easily as their local companies. Yuan, a three-time founder himself, strongly believes that US-based companies can easily expand into Asia through Starboard, tapping into the market and talent pool with Singapore as regional headquarters.

“Founders, today, often have to pull information from multiple sources about their business. Starboard is the ‘one place and one team’ solution for founders to efficiently manage their businesses. We are elated to have Monk’s Hill Ventures as our investor and aligned on a common purpose — to enable great founders to build great, enduring companies,” said Melvin Yuan, founder and CEO of Starboard.

The lead investor, Monk’s Hill Ventures, launched its $80 million first fund in 2014, with support from the Singapore Government via the Early Stage Venture Fund (ESVF) scheme under the National Research Foundation (NRF). ESVF selected venture capital (VC) funds investing in Singapore-based early-stage technology start-ups.

Previous Post

Online used car retailer Carro posts record $464m revenue

Next Post

Singapore B2B commerce enabler Eezee raises $7.5m to expand across SE Asia

Related Posts

edit post
ShopUp
E-commerce

ShopUp, Bangladesh’s B2B commerce platform, secures $30m in debt financing

February 2, 2023
edit post
WeMo
Featured

Urban mobility startup WeMo raises $15m from AppWorks to boost SE Asia expansion

February 1, 2023
edit post
Peris.ai
Cybersecurity

Indonesian cybersecurity startup Peris.ai scores funding to enhance platform

February 1, 2023
edit post
Qritive
Featured

Healthcare AI startup Qritive nets $7.5m to expand into new markets

January 31, 2023
edit post
Sea Ltd Shopee
E-commerce

Sea to create 2,000 jobs in Malaysia in expansion push

January 31, 2023
edit post
Kick Avenue
E-commerce

Indonesian sneaker marketplace Kick Avenue raises $2.9m funding

January 31, 2023
Next Post
edit post
Eezee

Singapore B2B commerce enabler Eezee raises $7.5m to expand across SE Asia

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback