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1982 Ventures Portfolio Company Cinch Raises US$28.8M to Expand Device-as-a-Service Platform Across Asia
Cinch operates on a circular subscription model designed to maximize device longevity while minimizing environmental impact. Manufacturing accounts for 70-90% of the environmental impact of mobile phones. By refurbishing and redeploying devices across multiple lifecycles, Cinch reduces e-waste and enhances affordability for consumers and businesses. Its proprietary platform integrates automated lifecycle management, dynamic pricing intelligence, and embedded financing, ensuring capital efficiency while enabling devices to generate long-term value beyond a single ownership cycle. This model not only improves financial accessibility but also supports global sustainability goals by embedding reuse and responsible disposal into the core of technology consumption.
“The way people consume technology is evolving,” said Mahir Hamid, CEO & Co-Founder of Cinch. “With rising costs, financing gaps, and increasing regulatory pressure on e-waste, Cinch is leading the shift toward circular access to tech. Beyond a platform, we’re connecting the dots within Asia’s infrastructure for a sustainable tech economy.”
Scott Krivokopich, Founding Managing Partner at 1982 Ventures, stated, “Cinch’s ability to secure major partnerships, like their collaboration with Samsung, clearly demonstrates their traction with enterprise clients and their capacity to meet complex, large-scale needs.
This strategic raise will enable Cinch to further develop an operating system that powers circular device distribution at scale. Paving the way for technology that allows distributors, telcos, and retailers to seamlessly integrate device subscriptions into their existing sales and service models.
By integrating financial inclusion, circular economy principles, and asset-backed funding models, Cinch is shaping the future of tech access.
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