KoreInside Engages Weild & Co. to Lead $40 Million Series B Offering for Private Markets Infrastructure

KoreInside, a provider of secure end-to-end infrastructure for private capital markets, announced it has retained Weild & Co. to raise capital through a $40 million Series B offering. The engagement positions Weild & Co., founded by former NASDAQ vice chairman David Weild IV, as the lead manager for the private placement, signaling a significant step in KoreInside's mission to improve market performance for investors, issuers, fund sponsors, investment banks, and portals. Weild, widely recognized as the "Father of the JOBS Act," brings substantial influence and access to a network of investment bankers licensed across all U.S. states and territories, as well as overseas operations.

The collaboration aligns Weild & Co.'s capital markets expertise with KoreInside's technological vision to scale private markets. Jason Futko, Co-founder, CFO, and President of KoreInside, emphasized the strategic move, stating that retaining Weild & Co. represents a major advancement toward revolutionizing private capital markets transactions. Oscar Jofre, Co-founder and CEO of KoreInside, expressed enthusiasm about the partnership, highlighting Weild & Co.'s leadership in investment banking and its capability to support KoreInside's growth phase through Series B investment.

Weild & Co.'s credentials include multiple appearances on the Inc. 5000 list of fastest-growing private companies and recognition in the inaugural Titan 100 class in Nashville. The firm's decentralized model, detailed on www.weildco.com, rethinks capital markets services by empowering registered professionals to deliver services remotely, focusing on expanding capital access and strengthening market functionality. KoreInside's infrastructure, architected as a DTCC-equivalent for private markets, includes KoreID for identity management and KoreChain, the first SEC-qualified blockchain for private securities, enabling scalable and compliant transactions.

The announcement includes a cautionary statement noting that no regulatory authority has approved the information, and it contains forward-looking statements under securities laws, with no guarantee of future accuracy. This development underscores the growing emphasis on technological standardization in private capital markets, potentially enhancing efficiency and compliance for intermediaries like broker-dealers, ATSs, and funding portals. By leveraging Weild & Co.'s network and KoreInside's innovative platforms, the Series B offering aims to fuel infrastructure development that could transform how private market transactions are cleared, settled, and distributed, addressing long-standing challenges in the sector.