Singapore-based global design studio XM HoldCo Pte Ltd and its subsidiaries, collectively known as the XM Group, have successfully concluded their latest fundraising round. The funding was led by AIOX Apex Angel Fund (AIOX) and saw participation from some of the company’s existing institutional shareholders, including Heliconia Capital Management Pte Ltd and ICH Capital.
In a statement released on Wednesday, the XM Group expressed its views on collaborating closely with AIOX and other strategic institutional shareholders to leverage their expertise and global network in digital technology and pop culture entertainment. The primary goal of this collaboration is to expedite XM Group’s growth and facilitate its international expansion.
XM Group, a renowned producer, specializes in handcrafted and hand-painted luxury art collectibles. With a significant presence in the global luxury collectibles industry, the company has a strong market reach spanning the United States, Europe, China, and Southeast Asian regions.
As an official licensee of highly sought-after Intellectual Property (IP) licenses, XM Studios has earned recognition for its exceptional collectibles featuring iconic pop culture brands, including Marvel, DC, Transformers, Ultraman, and Godzilla.
The global luxury art collectibles market is experiencing a surge in demand. The collaboration between XM Group and AIOX is expected to help the startup create a strong synergy between the expertise of both entities in digital technology and pop culture entertainment.
XM Group’s dedication to producing high-quality luxury art collectibles and AIOX’s strategic insights creates a promising trajectory for the company’s future.
“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,” Ben Ang, Co-founder and CEO of XM Studios, stated in a recent announcement.
AIOX Apex Angel Fund is a prominent angel innovation fund guided and advised by a team of international multi-disciplinary professionals. Their expertise spans real estate, finance, manufacturing, blockchain, energy, biotechnology, marketing technology, sharing economy businesses, and more.