Fireplace, a decentralized finance (DeFi) platform focused on prediction market aggregation, has closed a $1.5 million pre-seed funding round. The round was led by Frachtis, with White Star Capital also participating as an investor.
The funding round, which closed on February 17, 2026, marks the first known capital raise for Fireplace as it works to establish itself in the growing prediction markets space. The raise comes at a time of increasing investor activity in the sector, highlighted by recent announcements such as PRED Raises $2.5M, signaling broader momentum in prediction market infrastructure and trading platforms.
What Fireplace Is Building
Fireplace is developing a platform that allows users to discover, aggregate, and execute trades across regulated third-party prediction market platforms. Rather than operating as a standalone prediction market, Fireplace positions itself as an aggregation layer that connects users to existing external platforms, including Kalshi and Polymarket.
The platform is designed to integrate with these external platforms through Application Programming Interfaces (APIs), enabling users to route trades and interactions without needing to navigate each platform individually.
Platform Functionality
According to the available information, users on the Fireplace platform will be able to:
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Access information and data relating to publicly available prediction markets
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Route trades or interactions to external prediction markets through integrated APIs
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Receive analytics and personalized feeds curated by the platform
The platform operates in accordance with the rules of both its own system and the external platforms it integrates with. This suggests Fireplace is taking a compliance-first approach by working within the regulatory frameworks established by its partner platforms.
The Investors
Frachtis served as the lead investor in the pre-seed round, while White Star Capital joined as a participating investor. The total capital raised in this round amounts to $1.5 million.
White Star Capital is a known venture capital firm with investments across technology and digital assets. Frachtis led the round, though detailed information about the firm’s broader portfolio was not immediately available in the context of this announcement.
Prediction Market Aggregation: An Emerging Niche
The prediction markets sector has seen increased activity in recent years, with platforms like Kalshi and Polymarket gaining traction among traders and analysts. Fireplace’s approach differs from these platforms in that it does not appear to host its own markets. Instead, it aims to serve as a discovery and execution layer sitting on top of existing regulated platforms.
This aggregation model is comparable to how DeFi aggregators in the broader crypto space consolidate liquidity and trading options from multiple decentralized exchanges into a single interface. By applying a similar concept to prediction markets, Fireplace is targeting users who may want a unified view of opportunities across multiple platforms without switching between them.
