Arches raises $450,000 in its Seed Round, to expands its “Knowledge-Sharing Platform” throughout 5 locations in Asia
Press Release
Arches, providing knowledge-sharing services through its expert database in Asia, will be able to further support clients in solving their business issues through expanding its operations in Singapore, Tokyo, Ho Chi Minh, Shanghai and Tashkent.
Singapore, Mar 2, 2020, Arches Pte Ltd -Headquarters: Singapore; Representative Director: Hiroki Kato; hereinafter: Arches-, a global provider of expert matching services is excited to announce that it has successfully raised 450,000 USD (50 million JPY) from series of investors including I Glocal, one of the largest accounting firms in Vietnam and other angel investors from private equity industry. With this funding, Arches will expand its database of experts in Asia, strengthen its team, and further accelerate the development of its own expert data platform.
Purpose of Fundraising
Arches will use funds raised to accelerate business growth and scale across the key areas below:
- Strengthen organizational structure and local teams in key countries to deepen our expert networks in Asian countries
- Enhance business development / sales function to drive both regional and global growth and exposure
- Optimising operational protocols, systems, and procedures to maximize the efficiency of the client-expert matching system
Investors
- I-Glocal Inc.
- Angel investors
- Masashi Suekane (Bain Capital Private Equity LP / Managing Director)
- Hiroyuki Ono (ACA Investment Pte Ltd / Partner)
other 6 investors, mainly from Private Equity industry
Future Outlook
In Asia, especially in the fastest-growing economies, industry information belongs to a small group of insiders and public data and reports available to the market are extremely limited. In such a context, companies looking to expand into those economies are in desperate need of access to the right information quickly to minimize business risks, identify business opportunities and most importantly, capitalize on those opportunities.
Arches will expand its proprietary Asia-centric knowledge platform and offer the most highly accurate and efficient expert matching services possible in order to exceed customer needs. We also intend to commercialize Expert-knowledge and deliver local information to a wider range of customers.
Message from CEO: Hiroki Kato
Thank you all who understands our mission and support the service that we had the opportunity to complete projects in 17 Asian, 5 European countries and the United States only after nine months in operation. It is our pleasure serving various clients primarily strategic consulting firms, investment firms and multinational corporations.
Access to the right experts’ knowledge has become a requirement in the modern society when in-depth knowledge is required for successful territorial expansion but false information is spread everywhere. To overcome this challenge, we built a strong international team and received financial support from like-minded investors.
The sharing economy has become a widely accepted concept with the sharing of tangible assets such as cars and houses becoming mainstream in the last decade. Arches is building a platform that shares people’s intangible assets namely “knowledge” across countries. We want to break down the barriers associated with the free-flow of information over time and to reduce the difficulty for global companies to enter new markets.
[Company Overview]
Company name: Arches Pte. Ltd.
URL: https://arches-global.com
Location: 150 Beach Road, Level 35, The Gateway West, Singapore
Established: April 2019
Representative: Hiroki Kato
Business Description
Arches provides research consulting services that delivers knowledge from many regions and industries through various formats depending on the client need; most commonly, the offering will be through expert interviews.
In 2019, we opened an office in Ho Chi Minh City and, while keeping operational costs to a minimum, have further expanded our reach to other key Asian countries that are easily accessible to experts both geographically and linguistically. Most recently, we have started providing services not only to Japanese companies but also to customers in Asia, Europe and the United States.
Service details
- Expert Interview (telephone, face-to-face)
- Expert Surveys (online surveys on the web)
- Expert Staffing (short-term dispatch)
- Project Support (market report, sales of local data, arrangement of local tours)
[Contact]
Inquiries about this press release
Email: press@arches-global.com
Inquiries about service usage and contents
Email: support@arches-global.com