Diligence memo · auto-generated · as of July 3, 2026
TheXchange Ltd. Pte.
TheXchange Ltd. Pte. looks under-valued against its niche peers and is dormant on financing cadence.
Businessfiled
TheXchange Ltd. Pte. operates in Other Technology, based in SINGAPORE.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
TheXchange Ltd. Pte. has raised $130M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $120M on 2018-09-28.
Most recent recorded round closed around 2021-03-21.
Valuation (modeled)modeled
Provath models TheXchange Ltd. Pte. at approximately $264M (range $56M–$532M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.07× the median modeled value of Series D+ Other Technology companies in 2019–2021 (105 peers) — value vs value, same stage and era.
Financing rhythm & timingmixed
Historic cadence: a new round about every 15 months.
Last raise 5.3 yr ago; this sector typically re-raises about every 13 months.
Silent for over 3× the sector's normal cadence.
The last round was 12.0× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 98% of Other Technology peers (21302 compared).
Modeled value ranks above 86% of those peers.
Closest niche peers: Dataminr, Inc., 2U, Inc., KnowBe4, Inc., Automation Anywhere, Inc., Courier Plus, Inc..
Peoplefiled
1 named person on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.