According to PANews, decentralized investment platform BasedVC has completed a $2 million seed funding round at a valuation of $15 million. The funding round saw participation from Neo Tokyo, Kongz Capital, and angel investors including Mario Nawfal, Crypto Banter, Ashcrypto, and Kmanu.
The BasedVC team reported that over the past year, the platform generated more than $65 million in revenue and invested in over 50 cryptocurrency projects. BasedVC allows community and retail users to participate in pre-seed and private rounds, thereby avoiding the high risks associated with public rounds. The platform also raises funds from strategic communities such as Neo Tokyo.
