About Fusotao
Fusotao is a company based in Singapore (Singapore) founded in 2020 by Daniel Wong and Yu Zhang.. Fusotao has raised $2.4 million across 2 funding rounds from investors including Alpha investments, D1 Ventures and SevenX. Fusotao operates in a competitive market with competitors including Pi Network, Nibiru Chain, RYVYL, Berachain and Lightspark, among others.
- Headquarter Singapore, Singapore
- Founders Daniel Wong, Yu Zhang
-
Sectors
Technology
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$2.4 M (USD)
in 2 rounds
-
Latest Funding Round
$200 K (USD), Token Sale
Jul 26, 2022
-
Investors
Alpha investments
& 9 more
-
Employee Count
Employee Count
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Funding Insights of Fusotao
Fusotao has successfully raised a total of $2.4M across 2 strategic funding rounds. The most recent funding activity was a Token Sale round of $200 thousand completed in July 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Token Sale — $200,000
-
First Round
First Round
(02 Feb 2022)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Token Sale - Fusotao | Valuation |
investors |
|
| Feb, 2022 | Amount | Seed - Fusotao | Valuation | D1 Ventures , SevenX |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Fusotao
Fusotao has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Alpha investments, D1 Ventures and SevenX. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital fund focused on tech and crypto startups
|
Founded Year | Domain | Location | |
|
Blockchain investments are managed by SevenX in Shanghai.
|
Founded Year | Domain | Location | |
|
Venture capital investment and support for founders in technology and health sectors.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Fusotao
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Fusotao
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fusotao Comparisons
Competitors of Fusotao
Fusotao operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Pi Network, Nibiru Chain, RYVYL, Berachain and Lightspark, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of blockchain-based platform offering to mine coins
|
|
| domain | founded_year | HQ Location |
Proof-of-stake blockchain unifies trading, staking, and liquidity provision.
|
|
| domain | founded_year | HQ Location |
Blockchain infrastructure is delivered for payments and banking solutions.
|
|
| domain | founded_year | HQ Location |
An EVM-compatible blockchain is offered via Proof-of-Liquidity consensus.
|
|
| domain | founded_year | HQ Location |
Platform created to explore, build and extend the capabilities and utility of Bitcoin
|
|
| domain | founded_year | HQ Location |
Blockchain network for DeFi applications is provided by Reef.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Fusotao
Frequently Asked Questions about Fusotao
When was Fusotao founded?
Fusotao was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Where is Fusotao located?
Fusotao is headquartered in Singapore, Singapore.
Is Fusotao a funded company?
Fusotao is a funded company, having raised a total of $2.4M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.4M, raised on Feb 02, 2022.
What does Fusotao do?
Fusotao was founded in 2020 in Singapore and operates as a verification protocol within the blockchain sector. An application chain is provided to secure users assets and confirm matching transactions from off-chain exchange services. Core activities involve off-chain execution via the Galois client, followed by on-chain proofs. The system supports orderbook-based matching for decentralized exchanges.
Who are the top competitors of Fusotao?
Fusotao's top competitors include Pi Network, Nibiru Chain and Berachain.
Who are Fusotao's investors?
Fusotao has 10 investors. Key investors include Alpha investments, D1 Ventures, SevenX, Big Brain Holdings, and Octopus Ventures.