The funds will be used to scale its Singapore operations and expand its services and recruit talents here.
Butler is hiring hospitality executives, management executives, hustlers, and tech developers (react native and nodejs).
CEO Poon Da Qian has dubbed the funding round as the “customer round” as investors include businessman Massimo Mantero, Emanuele Novi, and Vincenzo De Falco, who are all existing clients.
Butler aims to become a market leader in the hospitality industry through employee training and welfare, the press release stated.
With the establishment of Butler Academy, the in-house training programme for housekeepers, Butler continues to focus on improving working standards and grooming workers to deliver the Butler standard.
Upon completion of the four-month training programme, graduates receive market-leading salary and welfare benefits.
Founded in 2016, Butler’s mission is to help busy urbanites free up time and bring about convenience by integrating hospitality and real estate management and services into homes, offices, and buildings.
Services include housekeeping, concierge, property management, property maintenance services, and more.
Butler currently services more than 200 apartment residents, office managers, and property managers.
According to Da Qian, Butler broke even and achieved profitability in April 2017, and in just a year, revenue grew by 800%.
They are aiming to reach $12 million in revenue in 2019, he revealed.
Mr Mantero, who has been a customer since late 2017, reached out to Butler to invest in them as he saw potential in the service and vision of the company, Da Qian shared.
“Butler is a revolutionary service company that can transform the hospitality and real estate industry, return time, and enable greater convenience for people and businesses.” Mr Mantero said.
The 25-year-old Da Qian added, “This investment will allow us to explore and launch greater services for our clients.”
Find out more about Butler here.
Featured Image Credit: Butler Singapore