The latest equity round brings the total funds raised by ADDX to around US$140 million ($191.8 million) since its inception in 2017.
ADDX has raised some US$20 million in fresh capital on Nov 15 from new and existing shareholders.
The funding round, which was part of an upsized pre-Series B round, was led by KB Securities, a subsidiary of Korea’s largest banking group KB Financial Group (KBFG). The round kicked off in May 2022, when ADDX announced a US$58 million ($79.5 million) fundraise involving new shareholders Stock Exchange of Thailand (SET), Hamilton Lane and UOB.
