Toku Secures $5 Million in Series A

Singapore-based cloud communications service provider Toku recently revealed it has received $5 million USD from investors after completing a Series A funding round. The investment was lead by DX Ventures, as well as included support from existing investors Neptune Invest Asia and Tembusu Partners.

Toku has become a major player within the CCaaS marketplace, and has created a business model around offering customers simplified cloud communications solutions that work seamlessly with the most well known business applications. The company has reported impressive growth since early 2018, and will likely see steady growth as the cloud sector continues to maintain high demand.

Representatives of Toku have stated that the new funding will help support wider network coverage, diversify and expand the company workforce, and to continuously support CCaaS solution development.

"As the only native APAC player in our category, we're committed to supporting the region's businesses at every stage of the digital transformation journey with cloud solutions to drive customer engagement and support hybrid working," said Thomas Laboulle, Founder and CEO of Toku. "Customer and employee experience are two of the biggest value drivers for businesses today, so it's impossible to overstate the importance of providing seamless interactions across locations, devices and platforms. With this funding, we can help businesses do just that by expanding our product capabilities and scaling to cover more of the region's ever-changing communications landscape."

Edited by Maurice Nagle