PrePO, Singapore-based pre-IPO and pre-token trading platform raised $2.1 M

Republic Capital and IOSG Ventures led a $2.1 million round of strategic fundraising for prePO, a pre-IPO and pre-token trading platform.

MEXC, AscendEX, GCR, Shima Capital, Caballeros Capital, Dexterity Capital, HoneyDAO, NeptuneDAO; Gnosis, 1inch, Moonbeam, Zapper, Gelato, BarnBridge, Zeta, Fleek, Immunefi, deBridge, Thales, and Dapp.com are among the other investors.

According to a news release from Singapore-based prePO, this cash round would help open up private marketplaces like SpaceX and OpenSea to the general public.

Last year, The LAO, Maven 11, Apollo Capital, Koji Capital, and founders from Illuvium, Alchemix, mStable, dHedge, and Zed Run raised $1.1 million in a seed round led by The LAO, Maven 11, Apollo Capital, Koji Capital, and Illuvium, Alchemix, mStable, dHedge, and Zed Run.

Pre-PO is a decentralised trading platform founded by Xavier Ekkel that allows anybody to obtain synthetic exposure to any pre-IPO firm or pre-token crypto project. Anyone may go long or short on any pre-IPO firm or pre-token crypto project in an immediate and non-custodial way using the platform.

PrePO allows ordinary investors to have access to opportunities previously only available to VCs, institutional investors, and private equity companies.

Investors may also utilise the platform to hedge their pre-public asset exposure or to get transparent and up-to-date market pricing.

The token for prePO is set to launch in Q2 2022. Shortly after the token launch, the first version will go live on the Ethereum scaling solution Arbitrum.

Ray Xiao, Principal at IOSG Ventures, said, “prePO’s breakthrough design ensures that adequate liquidity exists for speculation and that liquidity providers are risk-limited and rewarded meaningfully.”