Friday, 4 July 2025
29.5 C
Singapore
32.4 C
Thailand
25.1 C
Indonesia
29 C
Philippines

Circles.Life plans to go global with fresh funds from EDBI and Facebook’s early investor

Singapore-based mobile virtual network operator (MVNO) Circles.Life has secured a funding round led by EDBI, the investment arm of Singapore’s Economic Development Board (EDB), as well as by Silicon Valley-based Founders Fund. The participation of Founders Fund also marks the first telco investment for the Silicon Valley investor. Founded in 2005, Founders Fund was set […]

Singapore-based mobile virtual network operator (MVNO) Circles.Life has secured a funding round led by EDBI, the investment arm of Singapore’s Economic Development Board (EDB), as well as by Silicon Valley-based Founders Fund.

The participation of Founders Fund also marks the first telco investment for the Silicon Valley investor. Founded in 2005, Founders Fund was set up by notable tech pioneers like Peter Thiel and is one of the early investors in Facebook and SpaceX.

This funding comes just four months after Circles.Life raised an undisclosed Series C round (reportedly to the tune of US$50 million) from Sequoia India.

The company plans to use the newly acquired funds to hire more tech talent to build a tech hub in Singapore to support its expansion plans.

Circles.Life said that it intends to expand the Singapore engineering team by 50 percent by the end the year as it looks to continue developing personalized digital services built on its Circles-X platform in Singapore and beyond.

With support from EDBI, Circles.Life aims to align itself with the nation’s ambition to make the smart nation a reality. As a strategic investor, EDBI looks forward to supporting Circles.Life in its next phase of growth to be a regional champion, leveraging Singapore as their springboard.

Hot this week

Spotify lets you personalise your Discover Weekly playlist like never before

Spotify now lets you personalise Discover Weekly with genre filters, such as pop and R&B, helping you better shape your weekly playlist.

Alibaba Cloud marks 10 years in Singapore with new data centres and AI innovation hub

Alibaba Cloud celebrates 10 years in Singapore with new AI centre, data centres in Southeast Asia, and global green AI initiatives.

China Medical System seeks secondary listing on SGX to strengthen Southeast Asia presence

China Medical System seeks SGX listing to boost Southeast Asia expansion and commercialise innovative drugs through Singapore-based operations.

Meta’s investment doesn’t change Scale AI’s priorities, says new CEO

Scale AI CEO Jason Droege confirms the start-up stays independent despite Meta’s 49% stake and outlines plans for broader AI growth.

Google adds precise Bluetooth tracking to Pixel Watch 3, but it’s not active yet

Pixel Watch 3 gets new Bluetooth tracking tech called Channel Sounding, which promises precise tracking but still needs full device support.

Xiaomi opens new store at City Square Mall and launches Shopee presence in Singapore

Xiaomi opens its ninth store in Singapore at City Square Mall and launches its official Shopee store with promotional offers across both platforms.

Tools for Humanity: Why Southeast Asia is shaping the future of humanness in the Age of AI

Southeast Asia is pioneering the future of digital identity with World ID, offering private, secure, and human-first verification at scale.

Google to roll out update for Pixel 6A battery overheating next week

Google’s July 8 Pixel 6A update limits battery overheating by reducing capacity after 400 cycles, with free replacements for affected users.

Microsoft opens pre-orders for Surface Copilot+ PCs in Singapore

Microsoft launches AI-powered Surface Pro and Surface Laptop in Singapore, with pre-orders open ahead of 15 July availability.

Related Articles

Popular Categories