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Singapore Diamond Investment Exchange raises US$10 mil in latest round of financing

Samantha Chiew Published on Fri, Jun 02, 2017 / 2:44 PM GMT+8

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SINGAPORE (June 2): Singapore Diamond Investment Exchange (SDiX) has raised US$10 million ($13.9 million) in Series B+ financing.

The latest round of financing was led by existing investors Vertex Ventures and SDiX Chairman Alain Vandenborre and closed on June 1.

Launched in May 2016 as the world’s first commodity exchange for physically settled diamonds, SDiX has attracted new investors in the likes of Simon Murray, chairman and founder of SMC and GEMS and former group managing director of Hutchison Whampoa; and Richard Ji, co-founder and chief investment officer of All-Stars Investment and former Asia-Pacific head of Internet/media investment research at Morgan Stanley.

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Singapore Diamond Investment Exchange raises US$10 mil in latest round of financing