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Daily Brief Private Markets: Oneteam nets US$2.6M funding to revolutionise SME succession planning in Singapore | e27 and more

In today’s briefing:

  • Oneteam nets US$2.6M funding to revolutionise SME succession planning in Singapore | e27


Oneteam nets US$2.6M funding to revolutionise SME succession planning in Singapore | e27

By e27

  • Oneteam, a Singapore-based startup focused on transforming succession at small and medium-sized enterprises (SMEs) through employee ownership, has raised SGD 3.5 million (US$2.6 million) in seed funding.
  • Wavemaker Ventures, the early-stage fund of Wavemaker Partners, led the round.
  • About 70 per cent of the funding will be used to acquire small businesses, while the remaining funds will be used to build a strong core team and infrastructure to provide shared services for its portfolio.

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