BasedVC raises $2M in a seed funding round as official investment partners to Neo Tokyo, Kongz Capital, and more
The post BasedVC raises $2M in a seed funding round as official investment partners to Neo Tokyo, Kongz Capital, and more appeared on BitcoinEthereumNews.com.
In the past year, BasedVC saw over $65M in platform revenue as it deployed investments into 50+ cryptocurrency projects. The firm successfully raised $2M at a $15M post-money valuation in a seed funding round earlier this year with participation from multiple angel investors as well as leading web3 communities. BasedVC is currently closing their strategic round at a post-money valuation of 25M USD with participation from major brands, influencers, and web3 angel investors such as Mario Nawfal (IBC Group), Crypto Banter, Ashcrypto, and Kmanu among others. BasedVC’s unique value proposition lies in structuring itself as a decentralized venture capital investment platform that allows users to invest alongside the world’s top venture funds such as a16z, Coinbase Ventures, Animoca Brands, and more. The company has invested in web3 projects such as Heros of Mavia, Shrapnel, Gunzilla Games, Portal, Tatsumeeko, Chrono Forge, and more, with average check sizes ranging between $500,000 to $1.5M. The advantage approach used by BasedVC it says allows it to become an official investment partners and raise for high-caliber NFT communities such as Neo Tokyo, Bored Ape Yacht Club, Cyberkongz, and more. BasedVC now focuses on scaling its SaaS investment platform and preparing for its native cryptocurrency token launch later this year. The firm claims that its proprietary investment platform allows investors on its platform to manage their investments from a streamlined, user-friendly, and battle-tested platform. Bing Wang, co-founder, and general partner at BasedVC said in a statement –“As a decentralized investment portal, we enable opportunities for communities and users to participate as early as pre-seed and private rounds, eliminating the high-risk investments and often low return-on-investments for users from public rounds. It enables projects to raise from within communities such as Neo Tokyo, which also provide strategic advantage” The company provides its community members a gated NFT…
Filed under: News - @ August 9, 2024 1:26 am