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Linnovate Partners secured a $40 million funding commitment from SeaTown Private Capital Master Fund

May 13, 2024over 1 year ago

Amount Raised

$40 Million

SingaporeLendingVenture CapitalFinanceFinancial Services

Investors

Sea Town Holdings International

Description

Singapore’s Linnovate Partners, a fintech company founded in 2016, has secured a $40 million funding commitment from SeaTown Private Capital Master Fund. The cash injection will enable Linnovate to further develop its offering and scale its operations.

Company Information

Company

Linnovate Partners

Location

Singapore, Southeast Asia, Singapore

About

Linnovate Partners is a Singapore-based fintech company that offers asset servicing and fund administration solutions for the investment industry. Founded in 2016, it administers over $130 billion in assets across more than 600 private equity and venture capital funds.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech