Singaporean Web 3.0 media startup, Avium, successfully raised US$2 million in a fully-subscribed pre-seed round, backed by Saison Capital.
Avium, a Web 3.0 media startup founded in Singapore, disclosed a total sum of US$2 million it secured in an oversubscribed pre-seed round led by Saison Capital. In addition that, other key investors included East Ventures, Mirana Ventures, and Quest Ventures partner, as well as the angel investor and former WarnerMedia Asia Pacific president Ricky Ow.
The capital raised will initially be used to build on the company’s brand and intellectual property. The co-founder of Avium, Ivan Yeo, further explained its plan of action, to exert the funds on designing and producing original content, from refining its storytelling tactics to publishing sports-related news on their media outlet, aspiring to “establishing a content creator network and presence in esports.”
In addition to developing creative and original studio entertainment, the Web 3.0 media company covers the creation of media and consumer products, while managing its media network distribution.
Avium was co-founded by Ivan Yeo and Nathanael Lim, in early 2022, with an intent to offer an ultimate web 3.0 experience in media though its collective network of developers and artists, assisting with the creation and production of their immersive content. The user interface is developed by SEA-based studios that have previously collaborated with Marvel Comics, Netflix, Prime Video, and Tencent.
Yeo has also founded Evos, a trailblazing esports organisation in Southeast Asia, with massive talent network of over 100 million followers. Leading as the number one Esports team, Evos hopes to revolutionise the digital sports ecosystem in SEA.
Furthermore, Southeast Asia has underwent a recent surge in the evolutionary decentralised network of Web 3.0, emerging as the global epicentre of innovation and technology in the space. A recent study by the White Star Capital reported on the increase of venture capital fundings for Web 3.0, cryptocurrency and blockchain startups across Southeast Asia, with over US$1.45 billion raised to support those emerging ecosystem in 2021.
The region’s attractive ecosystem, along with the myriad of funding opportunities, has made it a magnet for blockchain activities and startups to disrupt and innovate in the space.
Featured banner image: avium.medium.com
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