We are excited to announce that we have raised USD 58 million in our Pre-Series B funding round, bringing on board new shareholders SET Venture Holding, a subsidiary of the Stock Exchange of Thailand (SET), United Overseas Bank (UOB), Hamilton Lane (NASDAQ: HLNE) and Krungsri Finnovate, the corporate venture capital arm of Krungsri (Bank of Ayudhya PCL)!
So what does this mean? It means we are better positioned to scale our operations and deep dive into specific projects that will give investors a greater and wider variety of investment products. As we elevate the investment experience on ADDX, we continue to work on providing access to more people.
Our new shareholders will partner with us on projects that will expand our reach into new business areas, geographies, or market segments, as they join existing shareholders Singapore Exchange (SGX), Temasek-owned Heliconia Capital, Development Bank of Japan (DBJ), Japan Investment Corporation – Venture Growth Investments (JIC-VGI), Tokai Tokyo Financial Holdings, Kiatnakin Phatra Financial Group and Hanwha Asset Management.
“The new shareholders aren’t just capital partners, but strategic partners too. They have much to contribute in the form of expertise, ideas, market experience and business networks, and ADDX looks forward to adding value to their businesses in return.”
Oi-Yee Choo
Chief Executive Officer at ADDX
We have come a long way since 2017, and are proud to continue taking on the mantle of Asia’s largest private market exchange, with the fresh capital bringing our total funds raised to around USD 120 million. This round of funding sets us up “strongly for long-term success” — as our CEO Oi-Yee Choo aptly puts it — supporting several strategic initiatives that we have embarked upon (such as ADDX Advantage) to transform and disrupt the world of financial markets as we know it.
“The sizeable investment from SET, UOB, Hamilton Lane and Krungsri serves as a ringing endorsement for ADDX’s business model, the team we have assembled and the broader vision we have for transforming the capital markets and the wealth management industry.”
Oi-Yee Choo
Chief Executive Officer at ADDX
We would like to say a big thank you to all our investors, partners and issuers for your strong conviction in our mission, and for helping us to unlock the potential of the private markets to make it accessible.
As we continue to grow, we invite you to participate in the change we are making, to enable equal access to financial markets through a regulated, transparent and customer-centric platform.
Open your account on ADDX and start investing in the private markets.
We are serving accredited investors across the world (except for U.S. citizens).
