Singapore-based social network startup Taki raised USD 3.45 million through a seed funding round on April 7, 2022. Eleven marquee global investors participated in the funding round for Taki.
Crypto exchanges such as CoinDCX, Coinbase Ventures, FTX, OKX Blockdream, Solana Ventures, and Formless Capital participated in the funding. Meanwhile, Gemini Frontier Fund, Luno Expeditions, Huobi Ventures, Kraken Ventures and Roka Works also invested in the round.
Taki, a global token-powered social network platform, is all set to launch its operations in India next month.
Purpose of Funding for Taki
Taki intends to accelerate its product and technological development with fresh capital. The developments will focus on crucial operations such as proactive team building, hiring talent across functions and marketing activities.
The new proceeds will also be extended towards product designing, engineering, Go-To-Market activities, General and Administrative (legal, finance), partnerships, and community building.
Moreover, the startup aims to expand its presence in other key markets post-India launch. Besides, it looks to invest in strengthening its creators’ network.
Taki has set aside USD 2.5 million creator fund to bring content creators to the forum. It will make the platform more inclusive for established and emerging communities. The vision is to enrol creators who can drive awareness and enhance user engagement for the startup.
What the co-founder has to say
Speaking on the latest fundraise, Sakina Arsiwala, Co-founder of Taki, said, “Taki is a work of passion and an amalgamation of vision to bring a new dimension and meaning for social content consumption. We are glad that our investors see a great scope for expanding personal economy space with the power of crypto tokens. Taki is a secure, safe, and superior-tech product that enables social enthusiasts to consume, invest, share, transact and build a token-based content portfolio. Taki is the perfect platform for the creators who wish to increase their network and enable growth for their fan base too. The burgeoning creators’ economy is making more meaningful contributions towards the businesses at large across the global markets, and are shaping the way content is getting monetised.”
Kevin Chou, the Managing Partner at SuperLayer, said, “It is heartening to witness such a positive start towards an affirmative beginning. Extending our heartfelt gratitude to all our investors who trusted in our vision and aided us in making it a reality. Taki’s journey towards success will always be incomplete without their support.”
Previously, the company received product design help and networking support from the crypto venture, SuperLayer.
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