NewGenIVF Group invests $10 million in K25.ai, completing a $10 million pre-A round.

iconPANews
Share
AI summary iconSummary
NewGenIVF Group, listed on Nasdaq, has invested $10 million in K25.ai, completing the $10 million Pre-A round for the AI + crypto news project. The transaction values K25.ai at $100 million, granting NewGenIVF a 10% stake and exclusive distribution rights in the Asia-Pacific region. K25.ai, a live prediction market platform, is still awaiting regulatory approvals prior to its official launch. Market trends indicate rising interest in AI-driven financial tools across the region.

PANews, June 19: According to official announcements, Nasdaq-listed company NewGenIVF Group (stock code: NIVF) has announced an additional investment of $4 million in the prediction market platform K25.ai, completing its $10 million Pre-A funding round and valuing the company at $100 million, with NewGenIVF Group expected to hold a 10% stake. In addition to equity investment, NewGenIVF Group holds exclusive agency rights for K25.ai in the Asia-Pacific region. K25.ai is an AI-native live streaming and prediction market platform targeting the Asia-Pacific region. The company has not yet officially launched its product and is currently seeking relevant regulatory approvals in specific markets.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.