Amsterdam, The Netherlands, September 14, 2021 — MultiFantom Ltd., owner and operator of FantomStarter.io, a decentralized cryptocurrency investment protocol, today announced the closing of a $532,000 seed fundraise, valuing the company at $3.6 million.
FantomStarter is a decentralized investment protocol aiming to disrupt and democratize how blockchain and traditional startups raise funds and enables retail investors to receive allocations automatically and securely on most of the Ethereum-compatible blockchains.
Attracted by FantomStarter’s business model, the seed round was oversubscribed by more than 50 times regardless of the market conditions. The key differentiators of FantomStarter include cross-chain interoperability, project authentication, incubation support, and a large pool of investors for approved projects to raise capital.
The funds will allow FantomStarter to develop its product offerings and grow the user base. The company will also leverage the funds to make strategic investments for growth and expansion. Further, it has identified strategic partners for its business as it looks to establish its presence into the $550 million attainable market.
Maxie Soetandi, Co-founder of FantomStarter, said, “I’m incredibly humbled by the support we’ve gotten. It’s our first round of fundraise, but through it we’ve formed a hugely valuable set of partners and investors. The FantomStarter team is excited to work with our partners to fulfil our vision to be the industry standard protocol for investing or raising capital. It doesn’t stop here — we have several features in the pipeline which shall be integrated in our product in the short-to-medium term”.
The investment process was led by the Company’s own ventures team.
The key investors participating in this round include Spark Digital Capital, Solidity Ventures, Ankr Network, Signum Capital, ZBS Capital and other eminent angel investors.
“Crypto has the potential to disrupt our global financial system, and we believe FantomStarter will be core to this theme for years to come. First starting with the blockchain community and subsequently offering capital raise services to the real world”, said Signum Capital
FantomStarter is a multi-chain IDO platform, which helps approved projects raise funds through the Fantom Opera chain. Its cross-chain interoperability provides projects a choice of blockchains with operational support from the FantomStarter team across Fantom (FTM), Binance Smart Chain (BSC), Ethereum (ETH), Polygon (Matic) and many other networks.
Investors get access to curated and vetted projects on the FantomStarter platform supporting emerging ecosystems such as Fantom and Polygon, as well as established networks such as Ethereum. Added benefits include voting for selected projects and listing them on FS launchpad through $FS Tokens or FS Keys (NFT), thus offering a true decentralized experience to projects, as well as their investors.
Follow and learn more about FantomStarter on one of the official communication channels …
Main Telegram: https://t.me/fantomstarter
Announcement Telegram: https://t.me/fantomstarterannouncement
Trading Telegram: https://t.me/fantomstartertrading