Warburg-backed Circles.Life wins slice of telco pie, targeting incumbents’ legacy systems
18 February 2020: Circles.Life has been taking a slice of telco markets in Singapore, Australia and Taiwan - and picking up big-name funders along the way - with a cloud-based platform that connects customers and towers more efficiently than the incumbent mobile network operators.
Why Warburg Pincus invested in a Singaporean mobile virtual network
14 February 2020: Big brand private equity companies are opening their wallets for high-tech, low-asset companies riding off consumers unabated demand for mobile internet access. Singapore’s Circles.Life is the most recent recipient of their financial backing. With the continuous and rapid development of information technology, capturing consumer traffic volume is the new gold...
Warburg Pincus adds digital telco Circles.Life to its SEA portfolio
11 February 2020: Singapore-headquartered digital telco Circles.Life said it has recently raised a ‘substantial investment’ from global PE major Warburg Pincus, and added that its latest round of funding, coupled with the capital it had raised earlier would help accelerate its growth and expansion into new markets. The Singapore-headquartered mobile operator, which launched...
The Straits Times
Telco start-up Circles.Life snags funding from Warburg Pincus
11 February 2020: SINGAPORE (THE BUSINESS TIMES) - Singapore-based telco start-up Circles.Life announced on Tuesday (Feb 11) it has received funding in an equity round from global private equity (PE) firm Warburg Pincus to further fund growth and for expansion in new markets. The start-up did not divulge the investment sum, but injections...
Tech In Asia
Warburg Pincus backing pushes Singapore’s Circles.Life to near-unicorn status
11 February 2020: Singapore-based mobile virtual network operator (MVNO) Circles.Life said it has received a “substantial” amount of funding from global private equity firm Warburg Pincus. The latest investment puts the company closer to unicorn status, a source familiar with the matter told Tech in Asia. Circles.Life declined to disclose the exact size of the round....
The Business Times
Digital telco startup Circles.Life bags funding from Warburg Pincus
11 February 2020: SINGAPORE-BASED telco startup Circles.Life announced Tuesday it has received funding in an equity round from global private equity (PE) firm Warburg Pincus to further fund growth and for expansion in new markets. The startup did not divulge the investment sum, but injections from growth investor Warburg Pincus typically extend to...