Sleek
Online corporate secretary and accounting services for SMEs
- Julien Labruyere
- Singapore, Singapore
- September 2021
- Current
- Series A
The Investment
SMEs have long been underserved when it comes to accounting and administrative software solutions.
Despite being a very large and well-funded segment, accounting and administrative software has not seen much disruption in recent decades, especially when it comes to the needs of Small and Medium Enterprises (SME). As a result, accounting and administrative processes remains highly manual and time-consuming, with very few solutions providing significant automation.
Sleek is disrupting this sector by addressing key pain points faced by SMEs and entrepreneurs at business inception, offering corporate secretariat as well as a full suite of digital services such as compliance, digital accounting and tax filing. Founded in 2017, Sleek was started in Singapore and Hong Kong, where early governmental adoption of online processes allowed the team to pioneer their entirely digital model.
Why We Invested
Backing Sleek to become the leading back-end operating platform for SMEs across APAC and beyond
We are pleased to announce that we have co-led Sleek’s $14 million Series A alongside Jungle Ventures, one of the leading VC investors in South-East Asia. The company will use this capital to develop its service range, including insurance, legal and banking functionalities, further boost automation, and further expand internationally — starting with the UK and Australia.
Read the postIn the News
Sleek secures $14M Series A to enhance its corporate service platform
Sleek has announced today it has secured a $14 million Series A round led by White Star Capital and Jungle Ventures. The new capital will be used to bolster technology and product development, ramp up its headcount, expand its presence in existing markets and enter new markets, including Australia and the U.K. Sleek has also announced the acquisition of Ltd Companies, the U.K.-based incorporation management company that has incorporated more than 450,000 companies since its foundation in 2005.