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prePO Raises $2.1M in Strategic Round to Democratize Pre-Public Investing

Published 03/23/2022, 11:03 AM
Updated 03/23/2022, 11:31 AM
prePO Raises $2.1M in Strategic Round to Democratize Pre-Public Investing
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The funding round, led by Republic Capital and IOSG Ventures, will help unlock private markets like SpaceX and OpenSea for the masses.

Decentralized trading platform prePO has closed a US$2.1 million strategic round, turbocharging its mission to democratize pre-public investing.

The round was led by Republic Capital and IOSG Ventures, with participants including MEXC, AscendEX, GCR, Shima Capital, Caballeros Capital, Dexterity Capital, HoneyDAO, NeptuneDAO; and founders from Gnosis, 1inch, Moonbeam, Zapper, Gelato, BarnBridge, Zeta, Fleek, Immunefi, deBridge, Thales, Dapp.com; and many others.

Commenting on the announcement, prePO founder Xavier Ekkel said:

“We’re incredibly grateful to have such an all-star group of backers. Their industry expertise, deep networks, funding, and long-term support, will be invaluable in accelerating the growth of prePO.”

“We believe prePO’s approach to synthetic pre-public assets is a game changer for those who have not been able to participate in the private markets before.”

By using prePO, retail investors will finally have access to opportunities that venture capitalists, institutional investors, and private equity firms have enjoyed exclusively for decades. Investors can also use the platform to hedge their exposure to pre-public assets in their portfolio, or for transparent and up-to-date market pricing.

Ray Xiao, Principal at IOSG Ventures, voiced his enthusiasm:

“prePO’s breakthrough design ensures that adequate liquidity exists for speculation, and that liquidity providers are risk-limited and rewarded meaningfully.”

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