XM HoldCo Pte Ltd and its subsidiaries (collectively the “XM Group”) are pleased to announce that it has completed its latest round of fundraising, led by AIOX Apex Angel Fund (“AIOX”), together with some of its existing institutional shareholders including Heliconia Capital Management Pte Ltd and ICH Capital.
XM Group is a multiple award-winning producer of handcrafted, hand-painted luxury art collectibles. It is an established leading player in the global luxury collectibles industry that sells into the US, Europe, China, and Southeast Asian regions. As an official licensee of highly sought after Intellectual Property (IP) licenses, XM Studios has produced collectibles for some of the most recognisable brands in pop culture, including Marvel, DC, Transformers, and iconic Japanese characters such as Ultraman and Godzilla.
With XM Group’s growing portfolio of global IP licenses, it is well-positioned to capitalise on a surging global demand for luxury art collectibles. AIOX’s experience and knowledge in various areas such as blockchain and technology will also provide a holistic boost to XM Group. XM Group will work closely with AIOX and other strategic institutional shareholders to leverage its expertise and global network in digital technology and pop culture entertainment to accelerate XM Group’s growth and international expansion.
Marc Lin, Chairman of AIOX Apex Angel Fund, said: “We believe that XM Group has great potential in the global IP market. They have strong capabilities to bring handcrafted, hand-painted luxury art collectibles to greater heights and develop outstanding products for highly discerning customers and loyal collectors alike. Hence, it is our intention to invest long term in XM Group and offer our full support.”
Ben Ang, Co-founder and CEO of XM Studios, said, “We are excited and privileged to have AIOX by our side as majority shareholder and strategic partner of XM Group, to jointly accelerate the next stage of our company’s journey. Together, we embark on this transformative chapter fuelled by shared ambitions and infinite possibilities.”