Wisdomise has raised $9.5 million in funding ahead of its public token launch.
Wisdomise, an AI infrastructure and investment platform, has closed a $9.5 million funding round from a variety of investors including Chainlink Labs, SingularityDAO, VentureSouq, Pontinova Invest, Cetacean Capital, and ODE Capital.
The funding round marks a milestone for Wisdomise as it prepares for its imminent public token launch in May 2024. With a fully diluted valuation (FDV) expected to be $30 million upon listing, the company is well positioned in the rapidly evolving Web3 environment. .
Building on previous successes, Wisdomise’s recent fundraising success further enhances its already impressive investment track record. Having secured $6.5 million in equity Seed and Pre-Series A rounds over 2022 and 2023, the company’s journey has been highlighted by an impressive growth trajectory.
The Pre-Series A round, which closed in September 2023 at a post-money valuation of $75 million, was particularly notable for its inclusion of 1:1 token warrants. The move garnered significant enthusiasm from investors and was a testament to Wisdomise’s promising future and burgeoning community support.
Dr. Fardad Zand, CEO and co-founder of Wisdomise, emphasized the importance of this latest funding milestone.
“This latest funding round is an important step forward in our mission to empower every person on the planet to participate in the exciting world of digital assets,” said Dr. Zand. “At Wisdomise, we are committed to building a platform that leverages the power of AI and innovative financial products to remove barriers to entry and promote informed decision-making for active traders and passive investors.”
He elaborated on the company’s vision, saying, “This additional capital will fuel our efforts to further strengthen our deep technology foundation across three key dimensions: AI/ML, Blockchain and Quant Finance.” Ultimately, we aim to democratize access to the enormous potential of digital assets, contributing to financial inclusion and independence globally.”
Wisdomise’s commitment to democratizing wealth creation is reflected in its user-centric approach. The company aims to provide a user-friendly Financial Intelligence SuperApp by combining advanced technologies such as AI/ML and blockchain with insights from industry experts and academics. This comprehensive solution allows individuals to invest in digital assets and manage their assets efficiently to maximize returns with minimal effort.
Wisdomise aims for continued growth and innovation in the digital asset investment space with a rapidly expanding user base and significant market penetration in the Asia Pacific and MENA regions, particularly Taiwan, China, Japan, Hong Kong, UAE and Turkey.
Also Read: GFAL Raises Seal Funding of $3.2 Million to Expand Web3 Gaming Venture
