Funtap has launched its $10 million capital fund dedicated to
HANOI, Vietnam, Jan. 17, 2022 (GLOBE NEWSWIRE) — Funverse Capital has announced its first $10 million investment fund for blockchain-focused tech startups capable of having a profound impact on the fintech and gaming industry. The capital fund is backed by Funtap – the technology company formerly known as one of the top 3 mobile game publishers in Vietnam.
In addition to the capital funding ticket size of up to $1 million for each qualifying project, Funverse Capital offers mentorship and acceleration programs that leverage Funtap’s leadership position in the mobile gaming market globally. Vietnam, as the company’s nearly decade-long understanding of the market and its 42 million global customer network.
According to the Managing Director of Funverse Capital – Phillips Dao: “In the Southeast Asian market, the capital fund is now looking for startups working on blockchain-enabled applications in GameFi, DeFi and other potential projects. “. Phillips Dao is currently Vice President of Funtap Game Business. The 39-year-old director has 15 years of experience in the gaming industry.
The Vietnamese blockchain market has been booming since the huge success of Sky Mavis, the tech startup behind the popular monster-fighting NFT game Axie infinity. According to VOV, Vietnam now has at least 10 blockchain startups with a market capitalization of over USD 100 million. Among the top 200 blockchain companies in the world, there are 5-7 companies that have Vietnamese founders. Experts said that with the advantage of high-quality and market-sensitive human resources in the field of technology and years of experience in software outsourcing, Vietnam is a promising land for the prosperity of products. blockchain-based.
“A good product is not enough for the startup to win in today’s market. We recognize the opportunity for budding entrepreneurs to move “from vision to action” and are willing to help them realize their ideas by sharing the strength of a global business network, the mutual benefits of the online ecosystem and typical growth lessons. internet market,” Dao added.
The official launch of Funverse Capital confirms the strong blockchain industry of Funtap, especially the fintech of gaming in the years to come. The new venture capital plays a vital role in the entire group’s plan to achieve its ultimate goal of becoming one of the leading and respected technology companies in Southeast Asia over the next 5 years.
“Blockchain and NFT are big motivators for the next generation of internet products and services. With our financial capital and other business resources committed through Funverse Capital, Funtap is now poised to help grow and accelerate the emerging technology industry,” concluded Adam Bui, Founder and CEO of Funtap Corp.
Based in Hanoi, Vietnam, Funtap has grown from a zero-dollar business in 2015 into a digital services ecosystem that includes games, digital content, payment and finance solutions for more than 42 million users worldwide. the world, which places it among the fastest growing companies. in the markets of the region. The company adopts a sustainable business strategy that balances the benefits of the company, communities and customers.
- Type of company : Game publishing, Game development, Content and digital media, Fintech
- Size of the company: 600+ employees
- Number of clients: 42+ million worldwide
For more information, please visit the websites: https://funverse.capital, https://funtap.vn
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