Superfanz Closes 7-figure Seed to Solve Creators' Pain Point
March 10 2020 - 11:45AM
JCN Newswire (English)
New platform empowers Asian creators with revenue from
fan club memberships, event ticketing and social
commerce
|
SINGAPORE, Mar 11, 2020 - (ACN Newswire) - Superfanz has
announced that it closed a 7-figure Seed Round shortly before Lunar
New Year. The investment follows a 6-figure Angel Round with a
prominent investor and tech entrepreneur in July 2019.
The company makes the announcement after completing and launching
the Superfanz platform. Their roster of investors, advisors and
strategic partners includes some of the most impressive names in
the Southeast Asian region, while their latest valuation at $4
million marks one of the highest pre-launch valuations for an Asian
startup.
"Superfanz is a unique startup in the best sense," said Raymond
Chang, CEO of NXT Ventures, the lead investor in their latest
round. "When Oh first approached me, he'd already completed a
self-funded proof-of-concept. While I love Superfanz's vision of
solving creators' pain points, it's their core management team that
sets them apart. Their management team are battle-tested with
successful track records in the digital entertainment and
influencer space.
"It's not often you can claim to be number 1 in a market, and both
co-founders have taken the previous startups they were involved
with to no 1 position in Taiwan and Vietnam respectively. This is
what ultimately won me over. The fact that they have just launched
their platform below budget and ahead of schedule is testament to
their ability to execute," added Chang.
Superfanz is not your usual startup helmed by young bright eye
entrepreneurs. Their core executive team averages 20+ years of
experience in venture capital, platform growth, gaming, social
media and digital entertainment with a couple of successful exits
to boot.
The startup quietly launched its Android app of the same name on
Dec 29, 2019. The company is officially soft-launching a Pan-Asian
fan club platform for creators and special interest groups after
Lunar New Year across 3 countries; Thailand, Taiwan and
Vietnam.
Superfanz plans to announce key partnerships in follow-up
releases.
"We are excited that the investors trust our world-class team to
execute on our vision of helping Asian Creators create additional
income streams so they can do what they dream of doing. Beyond
money, this latest investment also opens additional markets in Asia
for Superfanz, all the Creators, and their fans. We are already
seeing the fruit of this investment with several initiatives aimed
at bridging creators across different Asian countries. We can't
wait to share more details in our upcoming announcements," said Oh
Thongsrinoon, Superfanz CEO/Founder
About Raymond Chang
Raymond Chang is the current CEO of NXT Ventures, an active angel
investor, co-founder of GigaMedia, and Adjunct Professor at Babson
College and at Yale School of Management.
https://www.linkedin.com/in/raymondnchang/
About Superfanz Pte Ltd
Superfanz (https://web.superfanz.co) is the social fan club
platform for Creators (KOL, Influencers, YouTubers, and similar)
and their most loyal followers. Superfanz addresses the pain point
that over 90% of the Creators do not earn enough money from their
social media accounts to make a living.
PR Contact: Dolly Hoang, media@superfanz.co, +66 87 706 2002,
Superfanz Pte Ltd, 68 Circular Road 02-01, Singapore
Source: Superfanz
Copyright 2020 ACN Newswire . All rights reserved. |
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