Xen Capital announced it has raised US$7.5 million in a Series A round led by Headline Asia (formerly known as Infinity Ventures).
The startup will utilise the capital to scale its B2B2C alternative investment platform, the company said.
Xen Capital has processed more than US$200 million of transaction volume in private market deals through its platform in the last 12 months, the statement said.
“We know the private markets will be disrupted. Headline finds value in building the ecosystem where all private market participants are able to transact with one another in a secure, seamless, and transparent manner. The team at Xen has built a platform to service this need. We are excited to partner with Katrina to bring this vision to market,” said Akio Tanaka, managing partner at Headline Asia.
“We are excited to be partnering with Headline to usher in the future of alternative investments. This new round of funding enables us to make our white-label portal freely available to wealth advisors and asset managers in Asia. More importantly, we are building the ecosystem for market participants to close high-quality deals at scale,” said Katrina Cokeng, Xen Capital’s CEO and Co-Founder.
Xen Capital has 37 employees across 7 offices including Singapore, Hong Kong, Shenzhen, and Dubai. It has wholly owned subsidiaries regulated by the Monetary Authority of Singapore and the Securities & Future Commission of Hong Kong.
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