Fireplace, a professional trading terminal for prediction markets, has closed a $1.5 million pre‑seed round to develop institutional‑grade infrastructure for one of the fastest‑growing asset classes. The round was led by Frachtis, with participation from White Star Capital and several angel investors, including syndicate rounds on Legion and Echo.
A unified terminal for prediction markets
Fireplace offers real‑time data, advanced charting, wallet and insider tracking, and institution‑grade execution across venues. Powered by in‑house Enclave Money infrastructure, the platform aggregates fragmented prediction markets and uses smart‑order‑routing to intelligently direct trades when the same market exists across multiple platforms.
Rapid traction
In just five months, Fireplace has attracted more than 30,000 traders to its waitlist, gained 10,000 organic followers on X, earned an official Polymarket badge, and launched publicly on January 27, 2026. Co‑founder and CEO Sumer Malhotra described Fireplace as fixing the slow, information‑poor experience of prediction markets, while CTO Akshay Rajagopal likened it to building a Bloomberg Terminal for the sector.
Investor perspective
Xavier Meegan, CIO of Frachtis, said Fireplace is creating the professional interface prediction markets have been missing, unlocking institutional participation in a new asset class. The funding will accelerate development of deeper data layers, execution capabilities, and cross‑venue aggregation.
About Fireplace
Fireplace is a professional trading terminal designed to unify prediction markets, liquidity, and execution into a single interface. By delivering speed, data, and tooling, Fireplace aims to bring institutional infrastructure to prediction markets and enable broader adoption of this emerging asset class.
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