That’s ICON1C. Singapore-based investment and operating platform ICON1C just raised $7.91M (10M SGD).

ICON1C is building a house of brands to create curated, premium experiences. 

• This includes live events, hospitality, private members’ clubs, wellness, and experiential lifestyle assets.

‍

Investor check. Unlike most raises, the capital in this funding round came from ICON1C’s own stakeholders and members, not traditional institutions. 

According to co-founder and executive chairman Patrick Grove, the firm raised the capital this way because they wanted collaborators who understood their brand and long-term vision.

• Around 20 long-term clients joined as partners.
• Extra Scoop. Grove is the co-founder and Group CEO of Catcha Group and has taken seven companies public.

‍

🌴 Level up

Founded in 2025, ICON1C’s foundation brands include Amber Lounge, Mandala Club, and 1880, which they recently acquired. 

They operate across Singapore, Monaco, and Abu Dhabi.

• In 2026, luxury is defined by experience, not material wealth.
• Enter deep luxury. It’s a luxury trend that embraces human connection and experiences that leave a lasting emotional impression. 

‍

🪷 Fancy pants

ICON1C's strategy focuses on profitability first, selective M&A, and long-term capital compounding, enabling them to easily scale across geographies and categories.

• The group aims to complete 5 to 6 acquisitions over the next 2 years. 
• They’re also going to work towards a potential IPO on the global stock exchange in the medium term. 

‍

😎 A world of luxury

The $$$ will be used for targeted M&A, with a focus on profitable, cash-generative businesses. 

The capital will also be used to strengthen ICON1C’s central platform capabilities to support scalable, long-term growth. 

• Oh, and they’ll also work to expand flagship brands into new global locations.