Wiziin Earmarks $500K Pre-Seed Funding for Blockchain Investment
Wiziin, a Vietnamese startup specializing in venture investment management, has secured $500,000 in pre-seed funding, which it plans to use to accelerate its efforts in blockchain technology investment.
Broad network
At the heart of Wiziin’s primary objective — to bridge the divide between investors and founders — lies the firm’s blockchain-based platform. The Wiziin platform is specifically tailored to venture investors with a focus on digital assets.
Wiziin is headed up by venture capitalist Tien Nguyen and serial entrepreneur Thong Dang. The firm was established in 2020, with a view towards playing a part in what it foresees as a revolution in investment dynamics, particularly within the Asia Pacific (APAC) region. The company’s network encompasses more than 200 investors and an array of over 5,000 raised-fund companies. The company believes that this positions it to become a transformative force in the investment landscape within the region.
“The established norms of venture capital funding have long followed conventional methodologies,” commented Thong Dang, Wiziin Co-Founder. “This infusion of funding serves as a catalyst for our ongoing endeavors in emerging blockchain technology, with the ultimate aim of disrupting and revolutionizing the industry. Tokenization of assets and the integration of smart contracts will form the bedrock of our innovative approach to venture capital,” he added.
Homerun.club
Central to Wiziin’s trajectory is the development of an investment platform named “Homerun.club.” This platform is engineered to foster co-investment experiences within blockchain ecosystems for individual investors.
Through the elimination of intermediaries, Wiziin is striving to democratize funding access, unleashing global empowerment for entrepreneurs and inviting a more diverse spectrum of investors.
The universality of blockchain technology shatters geographical limitations, enabling start-ups like Wiziin to bring investors and entrepreneurs together from every corner of the globe. This holds profound potential for startups and investors situated in expanding markets, and markets that have historically been underserved by conventional approaches to venture capital funding and investment.
“While our platform operates within a decentralized framework, the importance of user verification cannot be understated, serving as both a regulatory compliance measure and a safeguard for investor interests,” elaborated Thong Dang.
Dang added: “In tandem, we’re actively seeking institutional funding in the upcoming months to further fortify the platform. This strategic step will usher in a collaborative fundraising endeavor between our project and its vibrant community, fostering mutual growth and resounding success.”
DAOs and start-up funding
Wiziin’s approach is just one element in the ongoing shift towards blockchain-based start-up finance innovation. Many in the crypto space have also put forward DAOs or decentralized autonomous organizations, as an agent for further disruption in this area.
DAOs also leverage blockchain technology, and their use can be helpful in cutting conventional venture capital firms out of the enterprise funding process. Furthermore, they can be used to cut through unwieldy regulation relative to start-up funding.
With the conventional approach to start-up finance, only accredited investors gain access to early-stage opportunities. Individual investors, regardless of their net worth, can participate in a DAO-based approach to financing. The approach facilitates broader inclusion while having the effect of increasing liquidity as well.
