Nasdaq-listed NewGen has made an additional $4 million strategic investment in K25.ai, a prediction market platform. Following the additional investment, K25.ai has completed a $10 million Pre-A financing round, with the company valued at $100 million after the round.
According to the disclosed information, NewGen’s ownership in K25.ai is expected to reach 10% after the financing is completed. In addition to the equity investment, NewGen has also obtained exclusive agency rights for K25.ai in the Asia-Pacific region. The arrangement places the relationship between the two companies beyond a simple shareholding investment and includes regional business agency rights for K25.ai.
K25.ai is described as an AI-native live streaming and prediction market platform focused on the Asia-Pacific region. Its product has not yet been officially launched, and the company is applying for relevant regulatory licenses in selected markets. The financing details show that K25.ai’s Pre-A round has closed, with NewGen’s additional strategic investment forming part of the total capital committed.