Micro Connect announced it has completed a capital raise of US$458 million in its Series C funding round, with broad-based participation from a diverse group of new and existing investors from Europe, North America, the Middle East, and Greater China, including leading long-only investment managers, private equity and venture funds, university endowments, internet platforms, and consumer retail groups.

Micro Connect (Macao) Financial Assets Exchange (MCEX), the first licensed global exchange for DROs and related products, is slated to launch in August 2023. The strong shareholder base and the new capital raised will support Micro Connect’s effort to enhance MCEX’s market structure and develop the world’s largest financial market for micro and small business investing.

Goldman Sachs served as financial advisor on the transaction. Freshfields Bruckhaus Deringer served as legal advisor.