Xen Capital has secured $7.5m in a Series A round led by Headline Asia to bolster its B2B2C alternative investment platform.

The company’s platform is designed to simplify the product distribution and fund management process for asset managers and wealth advisers.

It provides the digital interface to onboard investors, automate the manual process linked to closing subscriptions, and manage fund subscriptions and reporting.

Furthermore, this platform is claimed to provide wealth advisors with access to the wider marketplace of private market deals, while enabling them to distribute products to their client base.

According to Xen Capital, its platform has processed over $200m of transaction volume in private market deals in the past 12 months.

Commenting on the development, Xen Capital CEO and co-founder Katrina Cokeng said: “We are excited to be partnering with Headline to usher in the future of alternative investments.

“This new round of funding enables us to make our white-label portal freely available to wealth advisors and asset managers in Asia. More importantly, we are building the ecosystem for market participants to close high-quality deals at scale.”

Headline Asia managing partner Akio Tanaka added: “We know the private markets will be disrupted. Headline finds value in building the ecosystem where all private market participants are able to transact with one another in a secure, seamless, and transparent manner.

“The team at Xen has built a platform to service this need. We are excited to partner with Katrina to bring this vision to market.”

Xen Capital employs a team of 37 staff across its 7 offices including in Hong Kong, Singapore, Shenzhen, and Dubai.

The firm’s wholly-owned subsidiaries are regulated by the Monetary Authority of Singapore and the Securities & Future Commission of Hong Kong.

Recently, Singapore wealth app Endowus raised an additional $27m in funding to support its growth in the country as well as in other markets across Asia.