Fynd, Singapore’s on-demand mobile device repair platform, has recently raised US$385,000 in pre-Series A funding in a round led by Far East Ventures and supported by industry veteran Koh Boon Hwee.
Far East Ventures is the venture capital arm of Far East Organisation, Singapore’s largest private property developer. The funding will enable the company to accelerate its scaling around Southeast Asia.
Fynd has already started operations in Hong Kong and plans to expand to Jakarta by the end of the year.
“Fynd’s first phase was all about getting the value proposition and processes right for both customers and our iSpecialists, the experienced technicians who deliver our service on the front line. On an operational level, that is now working really well,” said Fynd founder and CEO Albert Tirtohadi, in a press statement.
“Going forward, the challenge for our next phase is to scale as fast as we can while making sure we stay true to the promise of reliability and trust that lies at the heart of what we do. Far East Ventures and Mr Koh Boon Hwee both have extensive industry experience and networks across the region that will be invaluable to us as we grow,” he added.
Founded in 2014, Fynd graduated from the JFDI (Joyful Frog Digital Innovation) Accelerate programme in December 2015.
Image Credit: JFDI Asia