Cinch raises $38.2m in latest funding round

The funding round was led by Monk’s Hill Ventures.

1982 Ventures portfolio company Cinch, secured $38.2m (USD$28.8m) in a recent funding round to scale its subscription-based tech ecosystem.

The round was led by Monk’s Hill Ventures, with participation from existing investor 1982 Ventures and new investors Z Venture Capital, Digital Currency Group (DCG), and Ratio Ventures.

Cinch is a subscription-based Device-as-a-Service (DaaS) platform that allows consumers and businesses to rent, upgrade, or return tech devices, such as smartphones, laptops, and appliances, at a low cost.

This business model aims to extend device lifecycles and reduce carbon emissions. Some of its partners include Samsung Electronics Singapore and CompAsia.

"The way people consume technology is evolving. With rising costs, financing gaps, and increasing regulatory pressure on e-waste, Cinch is leading the shift toward circular access to tech. Beyond a platform, we’re connecting the dots within Asia’s infrastructure for a sustainable tech economy,” Mahir Hamid, CEO & co-founder of Cinch, said.

Follow the link for more news on

startups

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia