(L-R) The Scale Factory Co-Founders Pierre Maartensson and Lars Bjoerge
The Scale Factory, a Singapore-based startup that supports B2B tech companies to achieve accelerated scale throughout Asia Pacific, has announced an oversubscribed US$775,000 fundraise.
The capital came from several serial entrepreneurs and investors, including Antler’s Founder and CEO Magnus Grimeland.
The Scale Factory will use the funds to expand its regional geographical footprint.
“Despite a challenging macro environment, we have experienced high demand amongst investors leading to rapid and oversubscribed fundraising. We believe it was due to our unique business model combined with the rapid and profitable growth we have demonstrated over the past two and half years,” said Co-Founder and Managing Partner Pierre Maartensson.
Grimeland added: “The services provided by The Scale Factory are highly sought-after and necessary within the APAC startup ecosystem. Our region has grown fast in terms of funding startups. Now, there is a whole range of scale-ups out there that need to take the next step and accelerate their growth. I’ve seen that The Scale Factory has built the necessary playbooks and capabilities to support scale-ups.”
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Founded in 2019 by two serial entrepreneurs, The Scale Factory supports B2B tech companies to scale their business in the region through a system of sales and marketing initiatives powered by tech and network orchestration. Once its clients achieve accelerated commercialisation, The Scale Factory invests back their fees into equity to further strengthen the partnership.
Over the last two and half years, The Scale Factory has supported the growth of 18 companies. The names HireQuotient (HR talent assessment), Cavai (conversational marketing), Pickatale (English language learning platform), Zyllem ( logistics management), Skuad (HR platform for remote teams), and Flow (campaign site creation).
“While Singapore will remain our home base, we believe that our clients will benefit greatly from a local presence in Australia and Indonesia. So we decided to raise a small round to expand our geo footprint into these markets and continue our profitable growth journey,” said The Scale Factory Co-Founder and Managing Partner Lars Bjoerge.
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