SINGAPORE-BASED Arches, which provides knowledge-sharing services through its database of experts in Asia, has raised US$450,000 in its seed round of fundraising.
Participating investors included Vietnamese accounting firm I Glocal and eight angel investors, Arches said on Thursday. The angel investors are mainly from the private equity industry. Among them are Bain Capital Private Equity managing director Masashi Suekane, as well as ACA Investment partner Hiroyuki Ono.
The research consulting services firm said it will use the funds to expand its database of experts, strengthen its team and speed up the development of its expert data platform. It is planning to expand its business operations in Singapore, Tokyo, Ho Chi Minh, Shanghai and Tashkent in Uzbekistsan.
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