Web3 Data and Entertainment Startup edited has launched a new early-stage crypto fund for Web3 startups and gaming companies.
The fund is backed by Saison Capital, Expert Dojo and Frekaz Group. The fund has already invested in seven initial projects aimed at expanding the Redacted ecosystem, providing founders with critical support on go-to-market strategies and tokenomics development.
Announced during the ongoing Web3 event Redacted Airport, the fund will invest in next-generation decentralized applications across entertainment, decentralized finance, and infrastructure as part of the Redacted ecosystem’s growing product portfolio. We aim to support you.
“Reduced Fund was born out of a viral event with Qatar Airways in September and brought together Web3’s 300 top venture capital funds, angel investors and influencers such as Aethir founder Mark Rydon, NFT whale Grail, and Crypto Banter’s Mario We have hosted celebrities such as Nawfal Team, and Andres Meneses,” said Shanjan Kumar, CEO of Redacted. “During the main event onboard, we invited over a dozen founders to pitch. After very positive feedback, including participating judges from Animoca Brands, Polygon and Abu Dhabi Blockchain, these seven companies were shortlisted. After further due diligence, we decided to invest in these startups.”
The fund will offer Redacted’s upcoming token, RDAC, as a growth catalyst. The seven startups that received investment are Biptap, LegendaryWeb3, Hub.xz, Numa social, Spaace.io, Ammalgam, and iAgentProtocol.
“Biptap is excited to be a part of the Redacted ecosystem. Biptap is making great strides in growing our platform and strategic partnerships, and we are excited to be part of the Redacted ecosystem, leveraging its incredible network and commitment to success with Web3. Given our strategic insights, we are grateful for the support and investment we have already received from Redacted,” said Jonathan Low. , CEO and founder of Biptap said in a statement.
According to Kumar, founders who work with Redacted Fund can expect support not only in the form of capital, but also in the form of Tokenomics. Redacted will allocate a portion of future RDAC tokens to portfolio companies of The Redacted Fund. This token will not only serve as an additional incentive for portfolio companies to drive growth, but will also help validate product-market fit as they leverage RDAC tokens to improve and iterate their products.
Post-investment, Redacted Fund leverages experienced advisors across Web2 and Web3 to provide portfolio companies with thorough market entry support.
The compiled fund’s advisors include Kevin Henrickson, an experienced entrepreneur; Chin Eng Loi, partner at Saison Capital; Expert Dojo co-founder Brian Mac Mahon and Frekaz Group co-founder Frederic Bonelli, whose funds have invested in more than 500 companies.
“Saison Capital was the first institutional investor in Redacted, and we have seen the team excel in distribution and go-to-market. We’re excited to offer more Web3 founders. Importantly, founders can rely on Reduced Fund’s proven execution capabilities and seasoned experience in an increasingly competitive and noisy environment. ,” Khin Eng Loi of Saison Capital said in a statement.
Redacted Fund focuses on supporting Web3 founders at early seed-stage startups who have already built a product and are seeking funding, strategic advice, and go-to-market strategies. Check-sized opportunities can be worth up to $250,000.
Backed by global Web3 team PG Group, Redacted has secured over $10 million in funding from notable investors and Web3 founders including Animoca Brands, Spartan Group, Saison Capital, Polygon Ventures, Dingaling, and Yat Siu.
