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ADDX - Upsized Pre-series B
Overview
Funding Date
November 16, 2022
Financing amount
$20M
Valuation
--
Catagory
Subcategory
About ADDX - Upsized Pre-series B
Singapore-based ADDX, which operates a securities exchange powered by blockchain technology, announced on Tuesday that it had secured roughly $20 million in a fundraising round led by KB Securities, the brokerage arm of one of Korea's largest financial services firms KB Financial Group. ADDX said it will use the additional proceeds to grow its recently-launched institutional wealth management platform. It will also explore possible tie-ups with KB Securities to expand its private-market investment services in Asia, including potential collaborations in Singapore or Korea.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Korea (the Republic of) | 1990 | 9 | -- |
Founders & Team
Danny Toe
Oi-Yee Choo
Company Profile / Project Introduction
ADDX's blockchain-powered securities exchange allows users to buy and sell private-market investments, such as pre-IPO shares, unicorns, private equities and hedge funds. The company has listed more than 40 deals, including bonds issued by Singapore's telecom giant Singtel and funds owned by state investor Temasek.