Hospitality startup K Hotel raises S$2m in seed funding
K Hotel, a Singapore-based hospitality firm, has raised S$2 million (US$1.4 million) in seed funding led by private investor Noel Neo, according to an SGSME report.
Several other individuals with a background in the real estate industry also co-invested.
He has also joined the startup as its CFO.
The seed funds raised will be used to acquire new hospitality projects (including hotels and hostels) on master lease terms for two to six years, as well as capital expenditure for such properties.
The company also plans to secure S$5 million in Series A.