The fund made its first seven investments in the growth of the Redacted ecosystem and supported the founders in the market and tokenomics.
Web3 data and entertainment startup Redacted has launched a venture capital fund, Redacted fundwith seven investments. Announced at “Redacted Airways,” the first web3 event in the air, the fund seeks to invest in and support the next generation of decentralized applications in entertainment, decentralized finance and infrastructure as part of the growing portfolio of products in the Redacted ecosystem. The fund is launched in partnership with Saison Capital, Expert Dojo and Frekaz Group and will offer Redacted’s upcoming token – RDAC – as a growth catalyst.
The seven startups that received investment are Biptap, LegendaryWeb3, Hub.xyz, NUMA social, flip.meme, ammalgam and iAgentProtocol.
” The Redacted Fund was born from our viral event with Qatar Airways in September, which hosted 300 of web3’s top VC funds, angel investors and influencers such as Aethir founder Mark Rydon, NFT whale Grail and figures such as Mario Nawfal, the Crypto Banter team. and Andres Meneses. At the main event of the flight, we invited over a dozen founders to present their projects. The seven companies were shortlisted based on very positive feedback, including participating judges from Animoca Brands, Polygon and Abu Dhabi Blockchain. After careful consideration, we decided to invest in these startups says Shanjan Kumar, CEO and co-founder of Redacted.
“Biptap is excited to be a part of the Redacted ecosystem. Biptap has made tremendous strides in expanding our platform and strategic partnerships, and we are grateful to have already received Redacted’s support and investment given their incredible network and strategic vision to succeed on the web3″, says Jonathan Low, CEO and founder of Biptap.
According to Kumar, the founders who work with Redacted fund they can expect support not only in the form of capital, but also tokenomics. Redacted will allocate a portion of its upcoming RDAC token to portfolio companies Redacted fund. The token serves as an additional incentive for portfolio companies to accelerate growth, as well as a validation of the product’s market fit as they use the RDAC token to improve and iterate on their products.
After investment, Redacted fund will provide portfolio companies with in-depth go-to-market support using a team of experienced web2 and web3 consultants. Advisors to The Redacted Fund include Kevin Henrikson, a seasoned entrepreneur with multiple exits over $100 million at Yahoo! and Microsoft, Saison Capital partner Qin En Looi, Expert Dojo co-founder Brian Mac Mahon, and Frekaz Group co-founders Frederic Bonelli and Sarah De Lima, whose funds collectively manage more than $250 million in assets and have invested in more than 500 companies.
“Saison Capital was Redacted’s first institutional investor and we have seen the team excel in distribution and marketing. We are excited to build this feature and offer it to other web3 founders through The Redacted Fund. “Founders can now leverage The Redacted Fund’s execution and experience to stand out in an increasingly competitive and noisy environment.” said Qin En Looi, partner of Saison Capital.
The Redacted Fund aims to connect strong web3 founders with early-stage startups that have already created products and are looking for funding, strategic advice and marketing strategy. Checks can be up to $250,000.
Redacted is positioning itself as an AI-powered, blockchain-powered entertainment datasphere. It is powered by its native and upcoming RDAC token to provide better user experience and targeted business opportunities for web3 enterprises and dApps. Backed by global web3 team PG Group, Redacted has already secured more than $10 million in funding from prominent web3 investors and founders, including Animoca Brands, Spartan Group, Saison Capital, Polygon Ventures, Dingaling and Yat Siu.
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