Sleek Secures $4M in New Funding to Fuel Expansion
Sleek, the innovative corporate services platform streamlining business incorporation and management in Singapore and Hong Kong, has successfully raised $4 million in its latest funding round. This investment marks a significant milestone in the company’s growth trajectory.
Key Investors and Funding Details
- Lead Investor: SEEDS Capital (investment arm of Enterprise Singapore)
- Participating Investors:
- MI8 Limited (returning investor)
- Pierre Lorinet (returning investor)
- Varun Mittal (Singapore Fintech Association co-founder via Sequoia Capital’s scout program)
According to co-founder and Chief Growth Officer Adrien Barthel, this funding represents part of Sleek’s seed round, bringing their total raised capital to $11 million. The company plans to initiate a Series A funding round in the coming year.
Sleek’s Market Position and Growth
Founded in 2017 by Adrien Barthel and Julien Labruyere, Sleek has rapidly established itself as a leader in digital corporate services, offering:
- Company incorporation
- Compliance management
- Digital accounting solutions
- Tax filing services
From its Singapore origins, Sleek expanded to Hong Kong and now supports over 3,000 businesses ranging from solo consultants to SMEs and investment funds.
Industry Trends and Competitive Landscape
The corporate services sector in Singapore and Hong Kong has seen significant growth due to:
- Favorable digital incorporation regulations
- Simplified online tax filing systems
- Increased demand for remote business solutions during COVID-19
Notable compe*****s in this space include:
- Lanturn
- Osome
- Bluemeg
Barthel welcomes the competition, stating: “We’re pleased to see digital transformation in our sector. The market offers ample space for different positioning, and we’re just beginning to see traditional firms embrace technology.”
Unique Value Proposition and Future Plans
While compe*****s focus on standard corporate services, Sleek aims higher. “Our vision is to become the entrepreneur’s operating system,” Barthel explains. “We’re building comprehensive solutions that address all entrepreneurial needs.”
Recent innovations include:
- SleekSign: Electronic signature app (145,000+ signatures processed)
- Payroll services
- Corporate insurance desk
The company plans additional product launches in Q4 2020 and Q1 2021, along with strategic expansion into:
- Common law jurisdictions (Australia, UK, North America)
- Emerging Southeast Asian markets with evolving digital governance frameworks
Article updated to reflect accurate total funding amount
