Silicon Prairie Holdings Inc

What Silicon Prairie Holdings Inc does

Silicon Prairie Holdings, Inc. is a privately held financial technology holding company founded in 2016 by David Duccini and headquartered in Little Canada, Minnesota. It operates a vertically integrated private capital markets platform through two wholly owned subsidiaries: Silicon Prairie Portal & Exchange LLC (portal software and licensing) and Silicon Prairie Capital Partners, LLC (an SEC/FINRA-registered broker-dealer, FINRA BrokerCheck 226591). The company's core products include an SEC-registered investment crowdfunding portal supporting Reg CF, Reg D, and Reg A offerings; the SEC-registered SPPX Alternative Trading System (ATS) for secondary trading of private securities, operational since December 2022; the SAFE+R investment instrument with embedded company repurchase rights; an SEC-registered transfer agent for cap table and escrow administration; white-label "Private Portals" for investment groups; and investment-banking and M&A advisory services through the broker-dealer. A September 2025 product launch added a Bitcoin Lightning Network node (SPPX Lightning Node) integrated with Kraken, and forthcoming products include Cap Table Management and Smart Forms for regulatory document automation. The technology stack, branded CapTech Stack, combines broker-dealer, transfer agent, ATS marketplace, and proprietary tech systems under a single corporate umbrella, supported by mobile apps on iOS and Android.

Silicon Prairie serves startups, small and mid-market businesses, investment groups, and individual investors across the United States (with a Midwest heritage). Its primary customer segments are early-stage issuers seeking capital formation from seed through late-stage rounds, established companies needing investment-banking support, investment groups seeking SEC-registered portal infrastructure without their own registration, and investors holding private securities who require regulated secondary-market liquidity. Notable issuers hosted on the platform span biotech (Peptinovo Biopharma, $17.08M raised), real estate (CORE Tax Deeds), space technology (Above: Space Development Corp), cannabis (Stigma Cannabis), EVs (Zeus Electric Chassis), and multiple Reg CF investment funds (Goodegg Growth Funds I–III totaling $5.37M+ raised). The firm cites $20M+ in cumulative platform-facilitated funding, 50+ successful capital campaigns, 1,500+ investors on the ATS, and 50,000+ registered users across the ecosystem.

The company's revenue model is multi-stream: transaction-based commissions on Reg CF raises (up to 7% of total funding volume, tiered), a 5% seller-side transaction fee on secondary ATS trades, one-time onboarding and setup fees ($5,000 standard launch fee), recurring subscription and per-investor management fees, white-label portal SaaS licensing, and professional services fees from the FINRA-member broker-dealer. Minimum investor commitments per campaign range from $100 to $10,000. Distribution is hybrid: self-serve via the web portal and mobile app for the long tail of issuers and investors, plus a direct-sales motion through Silicon Prairie Capital Partners for white-glove investment-banking mandates and white-label portal licensing. Go-to-market is supplemented by educational content, open office hours, an investor forum per campaign, and a referral/partner network that includes securities attorneys using the Geppetto Smart Document System, accredited-investor verification providers (VerifyInvestor, Parallel Markets), and a 2025–2026 cluster of blockchain and tokenization partnerships (Netcapital, Horizon Globex, Stobox.io).

Name

Silicon Prairie Holdings Inc

Legal name

Silicon Prairie Holdings, Inc.

Website

https://sphi.io

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Silicon Prairie Holdings is a financial-technology holding company operating an SEC-registered, vertically integrated private capital markets platform — funding portal, broker-dealer, ATS, and transfer agent — that serves startups, small businesses, and investment groups across the United States with crowdfunding, investment-banking, and secondary-market liquidity services.

Ownership category

akta.pro rank

Product category

Private Capital Markets

NAICS

Investment Banking and Securities Intermediation (523150), Miscellaneous Intermediation (52391), All Other Financial Investment Activities (52399)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Equity Capital Introduction & Prime Services (FSACAFAK)

akta.pro secondary industry

SME / Growth Market Stock Exchanges (FSAFAAAC)

Keywords

• Investment crowdfunding platform
• Alternative trading system
• Private capital markets
• Broker-dealer services
• Secondary market trading

Headquarters

HQ city

Saint Paul

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. Platform Commission - Regulation Crowdfunding: Charges issuers up to 7% of total funding volume for Regulation Crowdfunding offerings. Commission structure: 5% on first million, 4% on second million, 3% thereafter up to $10M, then 1%.
2. Secondary Market Transaction Fees: Charges sellers a 5% transaction fee on all trades executed on the SPPX secondary market. Fees collected before funds are collected by the seller after a sale.
3. Onboarding and Setup Fees: One-time onboarding fee covering private portal landing page, bank escrow account, unlimited disbursements, first year's investor tax documents (K1s or 1099s), and up to 10 hours consulting/coaching. Standard launch setup fee of $5,000 for future offerings.
4. Recurring Subscription and Management Fees: Recurring subscription and per-investor management fees from platform users. SaaS licensing recurring revenue from white-labeling portal technology to other firms.
5. Investment Banking Services: Capital formation services and M&A advisory through FINRA-member broker-dealer operations.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels7 records

Core offering

Silicon Prairie Holdings, Inc. operates an integrated private capital markets platform through two wholly owned subsidiaries: Silicon Prairie Capital Partners, LLC (SEC/FINRA-registered broker-dealer) and Silicon Prairie Portal & Exchange LLC (technology). The company enables companies to raise capital from investors via SEC-registered investment crowdfunding (Reg CF, Reg D, Reg A), provides investment banking and M&A advisory services, and operates an SEC-registered Alternative Trading System (SPPX) for secondary trading of private securities. Revenue is generated through platform commissions on raises, secondary market transaction fees, onboarding fees, and recurring subscription/management fees.

Product overview

Silicon Prairie Holdings Inc operates a multi-product investment platform structured as a platform-plus-modules architecture. The core offering is the Investment Crowdfunding Portal combined with the SAFE+R investment instrument, providing companies a path to raise capital from seed to public markets. The platform is anchored by the CapTech Stack — a vertically integrated infrastructure combining Broker-Dealer (Silicon Prairie Capital Partners), SEC-registered Transfer Agent, SPPX Alternative Trading System for secondary market liquidity, and proprietary tech systems. Supporting modules include white-label Private Portals for investment groups, Investment Banking services for established companies, the SPPX Lightning Node for cryptocurrency operations, and forthcoming Cap Table Management and Smart Forms features. All offerings are connected through the investor portal platform and mobile app, with a transaction fee model (5% on secondary trades) and platform fees for capital raises. The company has facilitated over $20M in funds raised across 50+ campaigns with 50,000+ registered users.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Crowdfunding Portal SEC-registered funding portal that enables companies to launch crowdfunding campaigns to raise capital from their investor networks. Supports Regulation Crowdfunding, Regulation D, and Regulation A offerings. Companies have raised millions on the platform.
• SPPX Alternative Trading System (ATS) SEC-registered Alternative Trading System providing a regulated secondary marketplace where investors can buy and sell private securities. Sellers are charged a 5% transaction fee per trade. One of approximately 12 firms in the U.S. with this ATS approval.
• SAFE+R Investment Instrument Investment instrument combining SAFE equity features with a company repurchase option at maturity, giving investors preferred/SAFE+R priority liquidation preference ahead of common stock and potential liquidity through the ATS secondary market.
• Investment Banking Services (Silicon Prairie Capital Partners) FINRA-member broker-dealer providing capital formation, M&A advisory, and investment banking services for established companies with white-glove service and experienced investment bankers.
• Private Portals (White-Label Funding Portal) White-label funding portal software and licensing for investment groups seeking to operate their own branded crowdfunding platform under Silicon Prairie's SEC-registered funding portal and FINRA membership.
• SPPX Secondary Market Listing Service Listing service enabling issuers and their investors to trade private securities on the SPPX secondary market. Companies can be listed within 30 days; all business sizes welcome.
• SPPX Lightning Node Bitcoin Lightning Network node for SPPX cryptocurrency enabling peer-to-peer payments. Minimum channel size of 1,000,000 satoshis (0.01 BTC), integrated with Kraken exchange.
• Silicon Prairie Mobile App iOS and Android mobile application enabling investors to browse investments, make investments, participate in LIVE campaigns, and access educational materials on the go.

Quantifiable outcome

• $20M+ raised across all services with $260K average raise
• +3 more outcomes

Named customers11 records

Segments4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature6 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Stobox.iocoreTechnology or Integration · 9 April 2026Partnership with Stobox.io for tokenization services, enabling companies on the platform to tokenize their securities and assets. Supports the company's vision for blockchain-inspired products and future REG-A+ offerings.
• Horizon Globex GmbHcoreTechnology or Integration · 19 November 2025Partnership with Horizon Globex GmbH as part of Netcapital's platform expansion to support blockchain-based digital assets. Enables compliant primary and secondary trading of digital securities and tokenized real-world assets.
• Netcapital Inc.coreStrategic or Co-development Partner · 19 November 2025Strategic partnership with Netcapital Inc. to integrate primary issuance and blockchain-native secondary trading. Expands platform capabilities for digital securities and real-world asset tokenization.
• CrowdCheckminorImplementation/ SI/ Consulting PartnerReferenced as colleagues providing crowdfunding marketing compliance guidance. CrowdCheck understands complexities of SEC compliance for fundraising and provides best practices documentation recommended by Silicon Prairie.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• StartEngine: Largest U.S. Regulation Crowdfunding funding portal with its own secondary marketplace (StartEngine Secondary); directly comparable on broker-dealer + ATS + portal footprint.
• Wefunder: Major Reg CF platform serving startups and small businesses; competes for the same issuer base with similar community-driven investment model.
• SeedInvest: Tech-focused Reg CF/Reg D funding portal with selective deal flow; comparable issuer targeting and selective-investor model to Silicon Prairie's funding portal.
• DealMaker: White-label fundraising infrastructure for broker-dealers and funding portals; competes head-to-head with Silicon Prairie's Private Portals offering and has moved into tokenization.
• Republic: Multi-product platform spanning Reg CF, Reg D, and tokenized offerings with strong community / investor-network angle; direct competitor across SPHI's primary issuance and digital-securities roadmap.
• truCrowd: Mid-sized Reg CF portal serving SMB issuers with white-glove service; competes for similar issuers and on similar fee structures.

Broad incumbents

• EquityZen: Secondary-market platform for private-company shares operating at scale; established incumbent in the private-securities liquidity space SPHI is targeting with SPPX.
• Forge Global: Largest secondary-market venue for private company shares; broader incumbent competing for institutional-grade private-liquidity flow that SPHI's ATS also targets.
• Hiive: Secondary trading marketplace for private company shares with continuous bid/ask; broader incumbent in the regulated secondary-trading space where SPHI's ATS competes.
• Carta Private Markets: Cap-table management leader expanding into secondary trading for private securities; overlaps with SPHI's forthcoming cap-table product and ATS strategy at much larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/siliconprairie
• Xx.com/sppxio

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Silicon Prairie Holdings Inc