Kirsten Gillibrand’s 22-year-old son raises $30M for trading startup as Dem champions crypto in DC

Funding Rounds

▤ Summary

APEC, a new derivatives exchange startup, raised $30 million in a venture round led by Lux Capital. The company says it will offer perpetual futures on U.S. equities and stock indexes, not cryptocurrencies. APEC plans to seek approval from the Commodity Futures Trading Commission as it builds a regulated American trading venue. The startup is already valued at $300 million and is positioning itself as an alternative to offshore markets.

$ Funding

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Amount $30.0M Total raised
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Date June 19, 2026 Announcement date
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Investors U.S. Commodity Futures Trading Commission, Lux Capital, Paradigm, Andreessen Horowitz, SSE Labs Lead investors
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Company - Funded company

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