prePO, a decentralised trading platform, has raised $2.1 million in a strategic round, bolstering its objective to democratise pre-public investment. The round of funding, headed by Republic Capital and IOSG Ventures, will help open up private marketplaces such as SpaceX and OpenSea to the general public.
Republic Capital and IOSG Ventures led the round, with 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 participating.
Last year’s $1.1 million seed round was led by The LAO, Maven 11, Apollo Capital, and entrepreneurs from Illuvium, Alchemix, mStable, dHedge, and Zed Run. prePO enables anybody to go long or short on any pre-IPO business or pre-token crypto project in real time and without the need for a custodial account.
Retail investors will now have access to opportunities that have only been available to venture capitalists, institutional investors, and private equity companies for decades by leveraging prePO. Investors may also utilise the platform to hedge their portfolio’s exposure to pre-public assets, as well as for transparent and up-to-date market pricing.
The prePO token is planned to debut in the second quarter of 2022, with additional prizes for individuals who sign up for the whitelist. Shortly after the token launch, the initial version of the product will be released directly on the Ethereum scaling solution Arbitrum.