Key Takeaways
- PreIPO has formed a strategic funding alliance with SPiCE VC to expand its offerings and bring cutting-edge financial technology to a wider market.
- Under the partnership, PreIPO will offer investment in SPiCE II to investors who would not normally have access to the fund.
- The partnership will allow SPiCE II to be featured on the PreIPO platform, with a suite of key due diligence and marketing tools, and will also allow SPiCE II to have access to the PreIPO network of industry experts, investors and potential partners.
PreIPO, a financial technology solutions provider, has formed a strategic funding alliance with SPiCE VC, a blockchain and crypto focused venture capital firm, to expand its offerings and bring cutting-edge financial technology to a wider market.
The announcement comes on the heels of SPiCE I yielding a market-leading 50.7% IRR, while also being deemed the best Venture Capital Fund of 2022 in the blockchain and tokenization ecosystem.
PreIPO to participate in $250M fundraising round for SPiCE II
PreIPO mentioned in the statement that it would participate in a $250 million fundraising round for SPiCE II.
According to the agreement, PreIPO will offer investment in SPiCE II to investors who would not normally have access to the fund.
Tal Elyashiv, founder and managing partner of SPiCE VC, said: “Their expertise and support will be invaluable as we continue to develop and bring our innovative funds to the market.”
The partnership will allow SPiCE II to be featured on the PreIPO platform, with a suite of key due diligence and marketing tools, and will also allow SPiCE II to have access to the PreIPO network of industry experts, investors and potential partners.
“PreIPO has a strong team delivering innovative financial technology solutions,” said Rob-Roy Roedel, partner at SPiCE VC. “We are excited to be partnering with them and supporting their growth as they continue to drive the fintech industry forward.”
Structured as a “feeder fund,” PreIPO will provide investors unprecedented access to a premier venture capital fund in the blockchain and tokenization ecosystem that would normally be available to only a select few with a significant amount of capital to invest.
“Through the collaboration of PreIPO and SPiCE VC, investors are able to access growth opportunities with SPiCE VC with much lower minimum investment requirements than a direct investment in SPiCE II,” PreIPO said in a statement.
“This partnership represents a significant step forward for PreIPO and will help the company continue to push the boundaries of what is possible in the world of financial technology,” CEO and Executive Chairman of PreIPO, David Grzan, added.
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