The fund has made its first seven investments to grow the Redacted ecosystem, supporting founders on go-to-market and tokenomics.
The startup Redactedspecializing in data and entertainment on the Web3, launched a venture capital fund, The Redacted Fundwith seven investments. Announced at 'Redacted Airways', the first web3 event in the air, the fund seeks to invest and support the next generation of decentralized applications in entertainment, decentralized finance and infrastructure, as part from the growing portfolio of products in the Redacted ecosystem. The fund is being 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 on the flight, we invited over a dozen founders to present their projects. These seven companies were shortlisted following very positive feedback, including from 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 part of the Redacted ecosystem. Biptap has made giant strides in growing 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 on how to succeed in the web3″, says Jonathan Low, CEO and founder of Biptap.
According to Kumar, the founders who work with The Redacted Fund 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 The Redacted Fund. The token serves as additional incentive for portfolio companies to catalyze growth, as well as validation of product-market fit, as they use the RDAC Token to refine and iterate their products.
After the investment, The Redacted Fund will provide portfolio companies with in-depth go-to-market support, leveraging a team of experienced web2 and web3 advisors. Advisors to The Redacted Fund include Kevin Henrikson, seasoned entrepreneur with multiple exits of 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 under management 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 go-to-market. We're excited to produce this capability and offer it to more web3 founders through The Redacted Fund. “Founders can now rely on The Redacted Fund's execution and experience to stand out in an increasingly competitive and noisy environment,” said Qin En Looi, partner at Saison Capital.
The Redacted fund aims to connect strong web3 founders with seed-stage startups who have already built products and are looking for funding, strategic advice and support. marketing strategy. Checks can be up to $250,000.
Redacted positions itself as an entertainment datasphere, driven by AI and powered by blockchain. It is powered by its native and upcoming RDAC token to deliver enhanced user experiences and targeted business opportunities for web3 businesses and dApps. Backed by the global web3 PG Group team, Redacted has already secured over $10 million in funding from prominent investors and web3 founders including Animoca Brands, Spartan Group, Saison Capital, Polygon Ventures, Dingaling and Yat Siu.
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