KoreInside, a provider of secure end-to-end 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 to standardize and improve the infrastructure supporting private market transactions for investors, issuers, fund sponsors, and intermediaries.
The engagement of Weild & Co. is significant due to the firm's recognized expertise and the profile of its founder, David Weild IV. Weild is the former vice chairman of NASDAQ and is widely known as the "Father of the JOBS Act." His firm, named three times to the Inc. 5000 list of fastest-growing private companies, provides KoreInside with access to a network of investment bankers licensed across all 50 U.S. states and territories, as well as overseas operations. More information on the firm can be found at https://www.weildco.com.
For private capital markets, which have historically operated with fragmented and inefficient systems, the development of robust, neutral infrastructure is a critical step toward greater transparency, compliance, and scalability. KoreInside positions its technology as analogous to the DTCC for public markets, aiming to provide clearing, settlement, distribution, and compliance services. Its core technologies include KoreID, an interoperable identity passport, and KoreChain, which it describes as the first SEC-qualified blockchain for private securities.
"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," said Oscar Jofre, Co-founder and CEO of KoreInside. Jason Futko, Co-founder, CFO, and President, added that retaining Weild & Co. represents a major step toward the company's goal of revolutionizing private capital markets transactions.
The involvement of a figure like David Weild IV signals serious institutional interest in modernizing the private markets' operational backbone. As capital formation increasingly shifts to private venues, the efficiency, security, and regulatory compliance of the underlying infrastructure become paramount for investor protection and market integrity. A successful capital raise could accelerate the adoption of standardized systems, potentially reducing costs and friction for all market participants while supporting the growth of a vital segment of the global financial ecosystem.
The news release included a standard cautionary statement noting that no regulatory authority has approved or disapproved the information and that it contains forward-looking statements. The company undertakes no obligation to update these statements.
