Epic Markets Raises $10 Million in Pre-Seed Round
Epic Markets, a Dubai-based company developing a new multi-asset CFD brokerage, announced it has raised $10 million in a pre-seed funding round. The investment was led by Karatage, a prominent investor in the financial technology sector.
Founded by Bryan Seegers, who serves as Co-Founder and Chief Commercial Officer, and Kevin Kimmel, Co-Founder and Chief Executive Officer, Epic Markets aims to offer a comprehensive platform for trading various financial instruments. The company is currently in its development phase and is inviting users to join its waitlist as it prepares to launch its full suite of services.
Lead Investor: Karatage
The funding round was spearheaded by Karatage, a firm known for its strategic investments in fintech innovations. Although the list of other investors was not disclosed, the involvement of Karatage signals a strong vote of confidence in Epic Markets' potential.
Strategic Use of Funds
While specific plans for the newly raised capital were not detailed, it is anticipated that the funds will be used to accelerate the development of Epic Markets' trading platform and expand its market presence. Focus areas may include technology upgrades, regulatory compliance, and user acquisition strategies.
Founders' Vision
In a statement, Kevin Kimmel, Co-Founder and CEO, emphasized the growing demand for diversified financial trading options. "We believe our platform will provide traders with unprecedented access to a wide range of financial assets," Kimmel said.
Bryan Seegers, Co-Founder and CCO, added, "Our goal is to create a user-friendly interface that simplifies the trading experience while maintaining comprehensive functionality."
Conclusion
Epic Markets' successful pre-seed funding round marks a significant step in its journey to becoming a key player in the financial trading industry. With the backing of Karatage, the company is well-positioned to deliver an innovative trading solution to a global audience.