SmartUp Secures Soul Capital And D Capital Funding, APAC Blockchain Investment Alliance Launches
Soul Capital and D Capital Set to Fund Smartup, The Blockchain Incubator Firm
A blockchain incubation company based in Hong Kong, SmartUP, has announced that they have received substantial funding from Soul Capital and D Capital. Even though the amount of money was not disclosed, it is a significant step that will assist SmartUp in further developing its services. The extra funding will be used to create a universal blockchain incubating environment that will help blockchain startups with financing, support, lead investment and consulting.
More investments still need for SmartUp Expansion.
The funding received from Soul Capital and D Capital will enable SmartUp in its expansion drive. The firm has been raising funds for expanding its incubator over the past few months. This latest institutional raise comes after the firm successfully raised five million dollars from an investment group of Japanese blockchain investors called Blockchain Japan. These institutional investments into SmartUp indicate a crucial milestone in the journey of this incubation firm.
Most importantly, the institutional investors are bringing much more than just cash into SmartUp; they bring in their expertise and knowledge. Besides being involved heavily in some of the most significant blockchain projects in the world, these investors also have some of the leading experts within the blockchain space. Additionally, by participating in SmartUp, these two well-known institutional investors are essentially endorsing this blockchain incubator. According to Ric Wu, the two venture funds have abundant investment resources across both traditional financing and blockchain sectors.
Blockchain Investment Group also Launched
SmartUp launched its APAC Blockchain Investment Alliance that will offer enhanced support for the incubation company and also its blockchain projects. Currently, the two enterprise investors Soul Capital and D Capital have already reserved their seats in the APAC Alliance. The strategic resources, expertise, funds, and talent of these companies will enable SmartUp to attract even more high-quality blockchain projects to sign up to the incubator.
The general vision for the SmartUp incubation service is creating a universal blockchain incubator that offers blockchain-related firms a wide range of services to enable them to continue growing and expanding. The incubator will add a credit checking framework that assists investors in assessing numerous blockchain projects regardless of the location in the world.
All transactions will also happen within the blockchain, thus ensuring that they are not changeable. Investors will use the native SIT token for investing in blockchain startups along with settling other service fees.
Fay Lam, the CEO, and co-founder of SmartUp believes that credibility and transparency are critical in the crypto investment world. The smart credit framework designed by SmartUp will enable all people on the platform to participate in rating startups, thus improving the credibility and transparency of the entire system. The result is that institutional investors will make the right decisions when choosing the best startups.