Widus Partners invests into seed round of Brassica Technologies Inc.
Widus Partners is proud to announce our investment into the seed round of Brassica Technologies Inc. (“Brassica” or the “Company”), a newly-launched financial infrastructure technology company developing enterprise solutions for the new era of alternative assets.
Brassica announced in April the closing of its $8 million seed round, led by Mercury Fund, with participation from Valor Equity Partners, Long Journey Ventures, NGC Fund, Neowiz, Broadhaven Ventures, Armyn Capital, VC3DAO, and other global FinTech investors. The seed funding brings the total capital raised by Brassica to date to over $12 million.
In addition, the Company also announced in April that its wholly-owned subsidiary Brassica Trust Company has been granted a Trust Charter by the Wyoming State Banking Board. By offering multiple distinct but related financial infrastructure services via API, Brassica will become a “one-stop shop” for the alternative assets industry, with institutional-grade backend solutions that can seamlessly integrate with any platform’s native UX/UI preferences. Combining proprietary technology and unique regulatory licenses, Brassica enables clients to securely and efficiently build their businesses on a modern, flexible backend infrastructure instead of relying on outdated, manual and fragmented vendor systems.
In the midst of an ever-changing regulatory environment and a widespread lack of trust in the financial markets, traditional financial institutions and legacy vendors are ill-equipped to serve the evolving private investing and digital assets industry. With Widus’ network to HNWI, family offices, and financial institutions pan-Asia, we view this platform as a potential disruptor to the entrenched processes. We are eager to assist Brassica expand their platform across the globe and into Asia.
Brassica was founded in 2021 by highly-experienced entrepreneurs and FinTech executives Youngro Lee (CEO) and Bob Dunton (CTO), who were previously co-founders of NextSeed, a FinTech startup that received the first Funding Portal license from the SEC and closed the first-ever Regulation Crowdfunding offering in 2016 pursuant to the JOBS Act Title III. Mr. Lee currently also serves as EVP & Head of Asia at Republic, a leading FinTech & blockchain solutions firm that operates the largest private investment marketplace globally, which acquired NextSeed in 2020. Brassica’s leadership team is comprised of senior executives with decades of professional experiences at various FinTech startups, financial institutions, and global law firms, including Republic, Cleary Gottlieb, Kirkland Ellis, Morgan Stanley, Custodia Bank, LedgerX, Prime Trust, JP Morgan Chase, and M1 Finance.
Widus Partners is a licensed, cross-border private investment and strategic advisory firm providing practical solutions to corporate growth enterprises and startups in Asia and globally. We are one of the premier private dealmakers in the region with our reputation and track record for executing transformative deals bridging markets and building long-term relationships.
