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<a style="color: #000080;" href="http://dealstreetasia.com/tag/sdix" target="_blank" rel="noopener noreferrer">Singapore Diamond Investment Exchange (SDiX)</a> has raised $10 million in Series B+ financing led by existing investors <a style="color: #000080;" href="http://dealstreetasia.com/tag/vertex-ventures" target="_blank" rel="noopener noreferrer">Vertex Ventures</a> and SDiX Chairman <a style="color: #000080;" href="http://www.bloomberg.com/research/stocks/private/person.asp?personId=206498756&amp;privcapId=115699279&amp;previousCapId=115699279&amp;previousTitle=ARIS%20Title%20Insurance%20Company" target="_blank" rel="noopener noreferrer">Alain Vandenborre</a>.</article>

<div class="article-desc">
<a style="color: #000080;" href="http://dealstreetasia.com/tag/sdix" target="_blank" rel="noopener noreferrer">Singapore Diamond Investment Exchange (SDiX)</a> has raised $10 million in Series B+ financing led by existing investors <a style="color: #000080;" href="http://dealstreetasia.com/tag/vertex-ventures" target="_blank" rel="noopener noreferrer">Vertex Ventures</a> and SDiX Chairman <a style="color: #000080;" href="http://www.bloomberg.com/research/stocks/private/person.asp?personId=206498756&amp;privcapId=115699279&amp;previousCapId=115699279&amp;previousTitle=ARIS%20Title%20Insurance%20Company" target="_blank" rel="noopener noreferrer">Alain Vandenborre</a>.
SDiX was launched in May 2016 as the first global commodity exchange for physically settled diamonds.
SDiX has attracted new investors of 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.
Alain Vandenborre, Executive Chairman and founder of the SDiX, said,&#8221;Since launching the SDiX platform just a year ago, we have seen significant appetite from investors around the globe who recognise the unique opportunity our platform presents to invest in diamonds as an asset class.&#8221;
&#8220;This new funding round will enable us to continue scaling up to meet that demand while rolling out more innovative products and services.&#8221;
Vendenborre is the founder and main shareholder of SDiX, as well as the co-founder and shareholder of Le Freeport Management, formerly known as The Singapore Freeport.
The chief executive of the SDiX, <a style="color: #000080;" href="http://linkedin.com/in/linus-koh-1343375" target="_blank" rel="noopener noreferrer">Linus Koh</a>, is the former President and COO of the Singapore Mercantile Exchange, prior to its acquisition by the InterContinental Exchange.
According to a media release, SDiX plans to further enhance the attractiveness of diamonds through research and development of technologies that can enhance and position settled diamonds as a viable asset for investors.
The exchange reports that it saw trading volume in excess of $110 million, representing more than 50,000 investment-grade diamonds traded and recorded an average of 500 baskets and 4,000 investment grade diamonds being traded monthly.
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SDIX has closed a $10 million Series B+ round led by Vertex Ventures and its founder, Alain Vandenboore.

Singapore: SDiX raises $10m round Series B+ led by Vertex Ventures

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Singapore: SDiX raises $10m round Series B+ led by Vertex Ventures

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