K25.ai, an AI-native live-streaming and watch-to-predict platform, has secured an initial $2 million for a pre-A strategic investment round from Nasdaq-listed NewGenIVF Group Limited, as it eyes a potential public-market pathway.
The investment was made at a $100 million valuation, with NewGenIVF holding an option to raise its total investment to as much as $10 million, the companies said in a statement.
The transaction also includes an exclusive agency partnership covering permitted markets across the Asia Pacific.
The platform, led by ex-COO of OKX and former Groupon Hong Kong CEO Andy Cheung, combines live streaming with prediction markets. Users watch real-time content and make predictions tied to the outcome of events, from sports and esports to entertainment and creator-led challenges.
“K25.ai is not aiming to be another exchange or online gaming site. We want to become the Google and Meta of this new era. Just as Google transformed how the world discovers information and Meta redefined how people connect and share reality, K25.ai is being built as a new information market layer, where quantified consensus through AI-powered predictions and live streaming empowers millions to discover truth in real time,” Cheung said in the statement.
NewGenIVF is expected to help K25.ai expand commercially in markets including Thailand, Singapore, Japan, Australia, and New Zealand, while excluding Mainland China, Hong Kong, Macau and other restricted jurisdictions.
Under the partnership, K25.ai co-founders, including Andy Cheung, will join NIVF’s board, giving the startup closer ties to a Nasdaq-listed company as it explores future public-market options.
“We see K25.ai as a generational opportunity at the intersection of AI and prediction markets,” said Siu Wing Fung Alfred, Chairman and CEO of NewGenIVF. “Andy’s track record at OKX, Groupon, and Prenetics, combined with the explosive growth of this sector, makes this one of the most compelling strategic investments we’ve evaluated.”
According to the firm, the partnership also brings them closer to a long-term vision of “becoming a public-market category leader in AI-powered prediction and information markets.”
The company is positioning itself for a possible public-market pathway as prediction markets increasingly overlap with AI, live content, and creator-led communities.
K25.ai said it may consider options including a strategic transaction, reverse takeover, or other listing structure, subject to regulatory approvals, Nasdaq requirements, market conditions, and shareholder approvals.
