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SDAX raised $50 million in a Series B2 funding round led by Muscat Precious Metals Refining Company LLC to expand operations across Asia and the GCC region.

Sep 10, 2024over 1 year ago

Amount Raised

$50 Million

Round Type

series b

SingaporeFintechFinance

Investors

Muscat Precious Metals Refining Company Llc

Description

SDAX has secured $50 million in its Series B2 funding round, led by MPMR. The funds will support the company's expansion plans in Asia and the GCC, including launching a digital asset exchange in Oman.

Company Information

Company

SDAX

Location

Singapore, Southeast Asia, Singapore

About

SDAX, based in Singapore and regulated by the Monetary Authority of Singapore, is a globally connected digital financial services platform. It provides asset owners and investors with comprehensive access to private market opportunities. Through its integrated ecosystem and digital asset exchange, SDAX enables participation in exclusive investments and secondary market trading, empowering users to unlock value in the world’s private markets.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech