Investors who have come on board thus far include former SGX chairman Koh Boon Hwee and Terence Wong of Azure Capital.
On Jan 1, the company announced it was looking for alternative funding after two investors who were supposed to take part in an earlier placement round did not pay up in time.
The two individuals were supposed to invest a total of $4 million.
In a separate announcement, Salt Investments says it has completed the acquisition of a 60% stake in marine lubricant supplier TT Oil (Singapore) for $6 million.
