About OpenSocial
OpenSocial is a company based in Hong Kong (China) founded in 2023 by HsinYa Sean Man and Allen Ng.. OpenSocial has raised $11 million across 2 funding rounds from investors including Animoca Brands, OKX and OrangeDAO. OpenSocial offers products and services including Edgen Search, Aura Farming, Edgen Feed, and Edgen Radar. OpenSocial operates in a competitive market with competitors including Binance, Solana, Mysten Labs, Chain and Ankr, among others.
- Headquarter Hong Kong, China
- Founders HsinYa Sean Man, Allen Ng
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Sectors
TechnologyFinancial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11 M (USD)
in 2 rounds
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Latest Funding Round
$6 M (USD), Series A
Jul 25, 2024
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Investors
Animoca Brands
& 28 more
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Employee Count
Employee Count
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Products & Services of OpenSocial
OpenSocial offers a comprehensive portfolio of products and services, including Edgen Search, Aura Farming, Edgen Feed, and Edgen Radar. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides instant crypto data summaries and market trends analysis.
Enables users to earn rewards by sharing crypto insights and predictions.
Offers AI-generated insights and community trader updates for markets.
Monitors crypto trends and identifies emerging opportunities in real time.
Funding Insights of OpenSocial
OpenSocial has successfully raised a total of $11M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $6 million completed in July 2024. 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 Series A — $6.0M
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First Round
First Round
(28 May 2024)
- Investors Count 29
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2024 | Amount | Series A - OpenSocial | Valuation | Framework Ventures , North Island Ventures | |
| May, 2024 | Amount | Seed - OpenSocial | Valuation | Portal ventures , SNZ |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in OpenSocial
OpenSocial has secured backing from 29 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Animoca Brands, OKX and OrangeDAO. 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 |
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Blockchain startups are funded by Framework Ventures venture capital.
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Founded Year | Domain | Location | |
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Venture capital firm focused on the cryptocurrencies sector
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Founded Year | Domain | Location | |
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Hivemind Capital Partners is focused on digital asset investing.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by OpenSocial
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - OpenSocial
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Opensocial Comparisons
Competitors of OpenSocial
OpenSocial 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 Binance, Solana, Mysten Labs, Chain and Ankr, 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 |
Online exchange platform for cryptocurrency
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| domain | founded_year | HQ Location |
Blockchain infrastructure for transactions and counting is provided by Solana.
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| domain | founded_year | HQ Location |
Web3 infrastructure solutions are offered via a blockchain platform.
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| domain | founded_year | HQ Location |
Blockchain infrastructure is offered for financial application development.
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| domain | founded_year | HQ Location |
Web3-native infrastructure for blockchain development and decentralization is provided.
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| domain | founded_year | HQ Location |
Provider of a blockchain network
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Opensocial
Frequently Asked Questions about OpenSocial
When was OpenSocial founded?
OpenSocial was founded in 2023 and raised its 1st funding round 1 year after it was founded.
Where is OpenSocial located?
OpenSocial is headquartered in Hong Kong, China.
Is OpenSocial a funded company?
OpenSocial is a funded company, having raised a total of $11M across 2 funding rounds to date. The company's 1st funding round was a Seed of $5M, raised on May 28, 2024.
What does OpenSocial do?
OpenSocial was founded in 2023 in Hong Kong, China, as a multichain social infrastructure platform. Users are enabled to build and connect with communities through personalized apps and spaces, without needing extensive coding or capital. Developers and creators are supported in developing socialFi super apps. Businesses are facilitated in onboarding, retaining, and expanding diverse user bases across various backgrounds.
Who are the top competitors of OpenSocial?
OpenSocial's top competitors include Binance, Mysten Labs and Solana.
What products or services does OpenSocial offer?
OpenSocial offers Edgen Search, Aura Farming, Edgen Feed, and Edgen Radar.
Who are OpenSocial's investors?
OpenSocial has 29 investors. Key investors include Animoca Brands, OKX, OrangeDAO, Gate Labs, and Framework Ventures.