W Capital Markets, a Singapore-based corporate finance firm, has raised a Series B round at post-money valuation of S$42 million ($31 million).

W Capital Markets said in a statement on Thursday that the firm has completed its Series B fundraising round in December 2024 with the strong support of several esteemed investors.

“We are delighted and honoured to receive such strong support from the esteemed and well-regarded investors who joined us as shareholders in this Series B round, which include several existing seed shareholders, a billionaire single-family office, listed companies and well-respected business owners,

“With our expansion into new business segment in advising companies to list on the NASDAQ Capital Market and significant increase in merger and acquisition (M&A) activities and deal completions in 2025, coupled with our advisory business for SGX-listed companies, the successful completion of this Series B round will pave the way forward for W Capital Markets to continue to grow its investment banking business and soar to greater heights as one of the top corporate finance firms in Singapore,” said Wayne Lee, Founding Chairman and Chief Executive Officer of W Capital Markets.

W Capital Markets is a corporate finance firm with capital markets services (CMS) license issued by the Monetary Authority of Singapore (MAS).

It is also an accredited SGX Mainboard initial public offering (IPO) issue manager and Catalist Continuing Sponsor authorized by the Singapore Exchange (SGX-ST).

The firm was founded in July 2018 by veteran M&A investment banker Wayne Lee, has completed more than 50 notable capital market transactions since its inception, ranging from S$50 million ($36.57 million) to S$3 billion ($2.19 billion).

Helmed by a team of experienced M&A and IPO investment bankers, W Capital Markets’ Board of Directors includes Wayne Lee, Sin Boon Ann, Tan Wang Cheow and representatives from the Chinese conglomerate Nanshan Group, namely Chen Aijun and Sui Xinpeng.

Also, Inderbethal Singh Thakral, Chief Executive Officer and Executive Director of SGX Mainboard listed Thakral Corporation, is a Board Observer of W Capital Markets.

The vision of W Capital Markets is to be an international financial group with presence in key financial centers and be recognized as a premier corporate finance powerhouse in the Asia Pacific region.

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