# Anacle Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/anacle-systems

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.anacle.com
- Total disclosed funding: $2.7M
- Latest round: Series D (Dec 1, 2013)
- Investors on record: 2

## About

Based in Singapore, Anacle Systems Limited develops advanced smart city solutions focused on urban infrastructure enhancements via software products that streamline operations and optimize utility management across various industries.Anacle Systems Limited is a technology company that specializes in smart city solutions, enhancing urban infrastructure through innovative software. Founded in 2006 in Singapore, it was established by Alex Lau, who has an extensive background in technology ventures. The company has completed six funding deals, with its most recent being an IPO in December 2016, raising HKD 74 million, selling shares at HKD 0.74 each on the Growth Enterprise Market of the Hong Kong Stock Exchange.Anacle Systems specializes in advanced smart city solutions, primarily focusing on enhancing urban infrastructure through their flagship products: Simplicity®, Tesseract®, and myBill®. Simplicity® is a comprehensive business software designed to streamline operations for various industries, while Tesseract® integrates Internet of Things (IoT) technologies to optimize utility management. myBill® serves as a revenue assurance tool aimed at ensuring accurate billing and enhancing financial management for utility providers. These products cater to a diverse clientele, including municipal governments, property developers, and commercial real estate owners, effectively addressing challenges such as operational efficiency, resource management, and customer engagement. Anacle's solutions have been implemented across multiple geographical markets, including Southeast Asia, the Middle East, and select regions in Europe, contributing to the enhancement of smart city initiatives worldwide.In the most recent fiscal year 2024, Anacle Systems reported revenue of HKD 19,811,367.70 and an EBITDA of HKD 1,501,035.30, generated through a combination of subscription-based models and contractual partnerships with clients in the commercial and municipal sectors. Clients engage with Anacle by subscribing to their software solutions, which are structured with tiered pricing plans based on deployment scale and user numbers.Anacle Systems plans to leverage its recent IPO funding of HKD 74 million raised on December 16, 2016, to further develop its product offerings and expand into new markets. The company aims to launch new features for its existing products and explore additional geographic markets, particularly targeting regions across Asia and Europe by 2025. These strategic initiatives will be supported by the capital raised, enabling Anacle to enhance its smart city solutions and better serve its growing client base.

## Funding rounds

- Series D, Dec 1, 2013, $2M — iGlobe Partners, Majuven
- Series C, Jun 1, 2010, $0.7M — iGlobe Partners

## Investors

- iGlobe Partners (https://capitalatlas.ai/funds/iglobe-partners) — Series C, Series D
- Majuven (https://capitalatlas.ai/funds/majuven) — Series D