Circular has secured US$7.6 million in seed funding, raising its total valuation to US$30 million.

The Singapore-based subscription service platform offers premium tech items for rent, enabling customers to use the latest technology at a lower cost. It also provides free damage protection, covering up to 90% of repair costs.

With the new funds, Circular plans to expand its Singapore and Australia market shares, focusing on its B2B offering to startups and SMEs.