W Capital Markets, a corporate finance firm with a capital markets services licence issued by the Monetary Authority of Singapore, has completed its Series B funding round, raising its post-money valuation to S$42 million ( US$30.73 million ).

Founded in July 2018 by veteran M&A investment banker Wayne Lee, the company has completed more than 50 capital market transactions, ranging from S$50 million to S$3 billion. W Capital Markets is also an accredited manager for initial public offerings on the Singapore Exchange Mainboard and a Catalist continuing sponsor authorized by the SGX-ST.

“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,” says founding chairman and chief executive officer Wayne Lee.

“With our expansion into a new business segment advising companies to list on the Nasdaq Capital Market and a significant increase in 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.”

Aside from Lee, members of the company’s board of directors include Sin Boon Ann, Tan Wang Cheow and representatives from the Chinese conglomerate Nanshan Group ( Chen Aijun and Sui Xinpeng ). Inderbethal Singh Thakral, CEO and executive director of SGX Mainboard-listed Thakral Corporation, is a board observer.