Say hi to Starboard! This Singaporean startup helps founders set up and manage their companies and expand to new markets. Now, they've just raised a $3.5M Pre-Series A led by Monk's Hill Ventures.

• Their clients include fast-growing startups, SMEs and asset managers.

Investor check. Actium Partners and Iterative Capital also joined in.

• 👼🏻: 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.

‍

😏 Here to be your everything

As an all-in-one company OS, Starboard is one platform where you can incorporate and manage your global company and all its entities.

• Founders usually have to look for documents and access services across multiple platforms just to run their businesses.

They'll help you stay in check too. Beyond incorporation, they help you with some of the biggest headaches like accounting and bookkeeping, compliance, payroll and visa applications — all the way to fractional CFO services and ESOP.

‍

😡 The issue

Typically, traditional corporate service providers still use pen and paper (and *gasp* physical documents) to handle these processes. 2,000 of them serve over 290,000 SMEs in Singapore alone!

• However, these can be inefficient, hard to scale and prone to error. Plus, it's tough to work with multiple of them if you have multiple entities globally.

Don't hate; automate. Starboard's platform automates processes for corporate entity management to increase productivity and avoid mistakes.

• Growth strategy. They roll up (aka, acquire) smaller corporate service providers with existing clients to help Starboard fast-track growth.
• They're currently rolling out their client portal as web, iOS and Android apps to allow extra-efficient management at your fingertips.

‍

🤩 What's next

They'll be using the $$$ to grow their engineering, operations and customer success teams to support customers in Singapore, the rest of Southeast Asia and the US.

• They also set up US operations to help Southeast Asian companies set up and manage their US entities as easily as they manage their local entities. Oh, and to make it simpler for US companies to expand to SEA too!