BasedVC has raised $2 million in a recent seed funding round, achieving an impressive post-money valuation of $15 million. The round saw participation from various angel investors and notable web3 communities. This funding is set to support the company's growth and ongoing investments in cryptocurrency and NFT projects.

BasedVC Cover Banner on X

Over $65 in Revenue

Over the past year, BasedVC has generated over $65 million in platform revenue and has invested in more than 50 cryptocurrency projects. Notable investments include Heros of Mavia, Shrapnel, Gunzilla Games (Off the Grid), Portal, Tatsumeeko, and Chrono Forge, with average investment sizes between $500,000 and $1.5 million.

The company’s platform operates as a decentralized venture capital tool, allowing retail investors to invest alongside major venture funds such as a16z and Coinbase Ventures. BasedVC has formed official investment partnerships with prominent NFT communities like Neo Tokyo, Bored Ape Yacht Club, and Cyberkongz.

BasedVC and Bored Ape Yacht Club

Post-Money Valuation of $25 Million

BasedVC is currently closing a strategic funding round with a projected post-money valuation of $25 million. This round includes investment from major brands, influencers, and web3 angel investors, including Mario Nawfal (IBC Group), Crypto Banter, Ashcrypto, and Kmanu.

Bing Wang, co-founder and general partner at BasedVC, stated that the company’s decentralized model provides opportunities for early investment in pre-seed and private rounds, aiming to reduce the risks associated with public rounds. Wang emphasized that partnerships with communities like Neo Tokyo offer additional strategic benefits.

“As a decentralized investment portal, we enable opportunities for communities and retail users to participate as early as pre-seed and private rounds, eliminating the high-risk investments and often low return-on-investments for users from public rounds. It enables projects to raise from within communities such as Neo Tokyo, which also provides strategic advantage” 

Based VC Raises %2 Million

Upcoming Token Launch

The platform features a gated NFT environment where community members can stake tokens and access investment opportunities. BasedVC manages investment execution and post-investment support, including the delivery of vested tokens to community wallets. The upcoming launch of BasedVC’s native cryptocurrency token is expected to offer further benefits, such as tiered allocations for early-stage investments.

With over 20 partnered communities and a history of successful investments, including a significant increase in token value for Heros of Mavia, BasedVC is preparing for its token launch later this year. The firm’s team, with experience from Sequoia Capital and Mantle, is focused on scaling its platform and expanding its investment capabilities. More information is available here.