Koia, a new investment platform bringing alternative assets to Europe, announced a $1.4 million pre-seed round.
Investors in this round include Seedcamp, RTP, Portfolio Ventures and business angels. The new investors join Koia’s early backers, including the co-founders of Monzo and Freetrade.
Koia was founded by Richard Draper, Iris ten Teije and Ben Riazy, who had careers in mainstream financial services firms and fintech start-ups. The team believes that the democratization of financial services is just beginning and that by leveraging, for example, blockchain and DeFi, there will be opportunities to provide access to new and financially attractive asset classes enriching.
“We want to enable a fractional economy and open up access to opportunities that were previously only available to the wealthiest people. We want to make buying and selling a fraction of a Rolex as quick and seamless as buying a fraction of a share in your favorite company. » Iris ten Teije, co-founder of Koia.
“We are excited to partner with the Koia team on their journey to create the leading fractional marketplace. We are seeing the rise of a new wave of collectors who are increasingly investing in what they are passionate about – whether it be NFTs, basketball collectibles or luxury watches – which results in a booming alternative asset market. Koia is perfectly positioned to further democratize this market by better serving users looking to access unique collectibles and we look forward to seeing how they will change the landscape of alternative assets.” Tom Wilson, Partner at Seedcamp.
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