Lanturn, a one-stop online corporate services startup based in Singapore, announced today that it has raised US$3 million in a seed funding round from a slew of investors, including East Ventures and Hong Kong-based CoCoon Ignite Ventures.
Also participating in the round were individual investors, including Alex Turnbull; Saki Georgiadis, Managing Partner at RVP Equity; Meiyen Tan, Head of Oon & Bazul’s Restructuring and Insolvency Practice; Chris Kelly, Partner at White & Case in the Asia-Pacific; and Tiang Foo Lim, a venture partner at Next Billion Ventures and a partner at SeedPlus.
The funds will be used to enhance Lanturn’s corporate service and accounting practices, continue to develop the Zave corporate services platform, and develop new service lines.
Started in 2018, Lanturn provides cloud corporate services for accounting and tax, corporate secretaries, incorporation, virtual CFOs, immigration and visa applications. Its clients include early-stage technology firms, SMEs and Singapore-based private equity firms, venture capital firms and venture debt funds.
“We think it makes much better sense for our entrepreneurs and investors to focus on their core businesses. We also think that cloud technology can make corporate services, accounting and other services more efficient. That’s why we continue to invest in the Zave platform, the corporate services platform that we started building in 2017,” said Velisarios Kattoulas, CEO of Lanturn.
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