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ADDX raises US$58 mil in latest round from Thailand's stock exchange, UOB

The Edge Singapore
The Edge Singapore5/24/2022 09:00 AM GMT+08  • 3 min read
ADDX raises US$58 mil in latest round from Thailand's stock exchange, UOB
ADDX's Choo describes the new investors as more than 'capital partners', but 'strategic partners' too / Photo: Albert Chua
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Private market exchange ADDX has raised US$58 million in a Pre-Series B funding bringing the total raised to US$120 million since it was started in 2017.

The latest round was participated by new investors including SET Venture Holding, a subsidiary of the Stock Exchange of Thailand, United Overseas Bank, Nasdaq-listed alternative investment firm Hamilton Lane and Krungsri Finnovate, the corporate venture capital arm of Krungsri (Bank of Ayudhya PCL).

These new investors join existing ones including Singapore Exchange (SGX), 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.

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