Singapore-based startup, Avium, has secured a $2 million oversubscribed pre seed round spearheaded by Saisom Capital.
Some other investors who participated in the pre seed round alongside Saisom CapitalÂ includes Ricky Ow Quest Ventures Partner (former president of WarnerMedia Asia Pacific), Mirana Ventures, East Ventures, and Hepmil Media Group.
The Web3 Media company has earmarked the funds for improving the company brand and building its intellectual property. According to Ivan Yeo, Avium’s cofounder, the investment will fund the creation of original content. The funds will also be used to publish stories in the media. Additionally, the funds will be used to set up a network of content creators, and esports presence.
Avium’s operation borders on the creation of original studio entertainment. The company develops media and consumer products and also focuses on network distribution.
Founded in early 2022 by Eugene Yap and cofounders Ivan Yeo, and Nathanael Lim, Avium clusters a pool of artists and creators to create and produce animated content developed by studios based in Southeast Asia. Studios that have collaborated with some of the renowned international media organizations.
The established Avium community doubles as founder, Yap’s Pass NFT collection set up in August. Holders of the collection are guaranteed exclusive access to the founding team with whom they collaborate on the Avium brand. They are also guaranteed the right to collaborate with the pool of artists, creators and studios that form the Avium community.
Before Avium, cofounder Ivan Yeo founded Evos, one of Southeast Asia’s renowned esports organization which boasted of over 100 million followers on its network. Yeo underwent a 2 years hiatus after he was diagnosed with an illness. With Avium’s launch, he has now returned to media and entertainment industry. Cofounder Nathanael Lim on the other hand is a blockchain lawyer representing international firms like Facebook, Binance, Huobi , and Razer.
The media and entertainment industry is currently witnessing an influx of Web3 investments. In the past months, Akatsuki, Japanese gamemaker released $20 million for different Web3 projects in Asia. Nerdystar, the investment arm of Lines Games also secured $5.8 million for Luxon, its blockchain gaming platform. Aviums fundraise is another pointer to the huge potentials investors are visualizing for Web3.
As originally reported in (https://www.techinasia.com/hepmilbacked-sg-web3-media-startup-bags-2m-preseed)