KoreInside, a provider of secure infrastructure for private capital markets, announced it has retained investment bank Weild & Co. to lead a $40 million Series B private placement. The capital raise is intended to fuel the company's mission of standardizing and improving the performance of private capital markets through technology. Weild & Co. founder David Weild IV, the former vice chairman of NASDAQ widely known as the "Father of the JOBS Act," will serve as day-to-day advisor for the offering. His firm brings extensive experience, having been named three times to the Inc. 5000 fastest-growing private companies list and recently included in the inaugural class of the Titan 100 in Nashville.
Weild & Co. provides KoreInside access to a network of investment bankers licensed across all 50 U.S. states and territories with international operations. "We are excited by the innovation that KoreInside brings to improving the performance of the private capital markets and to be lead-managing their Series B private placement," said Weild. His team's alignment with KoreInside's vision to scale tomorrow's private markets through technology was cited as a key factor in the engagement. KoreInside positions itself as infrastructure for private capital markets, delivering clearing, settlement, distribution, and compliance services as neutral, non-competitive infrastructure for regulated intermediaries.
The company describes its architecture as the DTCC-equivalent for private markets, powering broker-dealers, ATSs, funding portals, transfer agents, banks, credit unions, and RIAs through white-label, API-first platforms. "KoreInside will revolutionize private capital markets transactions, and we just took a major step toward that end by retaining Weild & Co.," said Jason Futko, CPA, CA, Co-founder, CFO, and President of KoreInside. The company's core infrastructure includes KoreID, an interoperable investor and issuer identity passport, and KoreChain, described as the first SEC-qualified blockchain for private securities.
Oscar Jofre, Co-founder and CEO of KoreInside, emphasized the strategic importance of the partnership, stating, "Weild & Co. is a recognized leader in capital markets and investment banking, and we are thrilled to have David and his very capable team representing us for this next phase of growth via Series B investment." Weild & Co. operates as a decentralized investment bank built to rethink how capital markets services are delivered, with additional information available at https://www.weildco.com. The engagement represents a significant step in KoreInside's efforts to create standardized infrastructure for private market transactions, which have traditionally operated with less technological coordination than public markets.
