Monark Markets Acquires LEX Markets' Software And Legal IP For $1 Million

ACQUISITION IMAGE: Ben Haber (@BennyHabes) & Caleb Benedict (@Caleb_Benedict_) DATE: 05/23/2023 BUYER: Monark Markets SELLER: LEX Markets SALE PRICE: $1,000,000 NOTE: Monark Markets has acquired LEX Markets’ software and legal IP for $1 million via an assignment for the benefit of creditors (ABC) auction that closed mid-May of 2023. Monark intends to build the foundation for the future of alternative assets trading. Monark co-founder Ben Haber had the following to say on the transaction: “Just like how NASDAQ opened up liquid capital markets for smaller cap and growth stocks in the 1970s, Monark is going to open up those capital markets for alternative assets. We’ve just acquired what may be the most advanced technological IP on the market for this mission – that ironically had previously been built in partnership with NASDAQ – to facilitate secondary trading for private market securities”. Monark has sized the market cap for potential listings at more than $10B, with an expected growth rate of 45%+. #VentureCapital #BenHarber #CalebBenedict #MonarkMarkets #LexMarkets #TradedVC

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Puppy Sphere Secures Seed Round Of $24 Million From Strategic Investors Including The School Of Hard KnocksPuppy Sphere (@ThePuppySphere), a New York-based wellness brand centered on the human-animal bond, has raised a Seed round from a group of strategic investors including The School of Hard Knocks, Tobi Oluwole, Jake Fleshner, Torch Collective, former Massage Envy CEO David Humphrey, and other founders and operators. Founded by Francesca Albo and Lea Burbidge Izquierdo, Puppy Sphere has scaled its puppy yoga concept into a broader experiential wellness platform with 13 studios, corporate wellness programs, brand partnerships, and live activations, serving more than 450,000 customers and partnering with companies including Google, Amazon, Netflix, TikTok, and the NBA. FUN FACT: Puppy Sphere was born from two Canadian founders’ own mental health journeys and has since grown into 13 studios across North America, $14M+ in cumulative revenue, and 450,000+ customers, all without outside capital. Along the way, the brand has welcomed names like Sabrina Carpenter, Simu Liu, Trevor Noah and Alessia Cara, while building a broader wellness platform around the gentle power of puppy therapy. Now Puppy Sphere is opening its cap table for the first time through a strategic angel round, bringing together leaders across media, consumer growth and wellness, including The School of Hard Knocks, former Massage Envy CEO David Humphrey, growth entrepreneur Tobi Oluwole, and Nucleus Network co-founder Jake Fleshner, alongside a broader group of strategic founders and operators. The vision: bring the gentle power of puppy therapy across the globe. FOUNDERS: Francesca Albo (@FrancescaaAlbo), Lea Burbidge Izquierdo (@LeaburbIz) INVESTORS: The School of Hard Knocks (@TheSchoolofHardKnockz), Tobi Oluwole (@TheTobiOluwole), Jake Fleshner (@JakeFleshner) Torch Collective, Heather Stark, Will Bodewes, Craig Zingerline & more ROUND: Seed VALUATION CAP: $24,000,000 HQ: New York, New York #VentureCapital #PuppySphere #TradedPartner #FrancescaAlbo #TradedVC