Amsterdam-based hypeal.com, an emerging player in the digital asset and crowdfunding space, announced on Tuesday, September 19, that it has secured $200K (approximately €188K) in its pre-seed round of funding despite facing challenges and regulatory pressures.
Despite the current downturn in consumer sentiment and heightened regulatory pressures, hypeal.com remains confident in the immense potential of the tokenised digital asset market.
According to a report by the Boston Consulting Group (BCG), this market is projected to account for 10 per cent of global GDP by 2030. hypeal.com aims to make a significant impact in this space, making it a noteworthy player to watch.
Marco Fazio, CEO at hypeal.com says, “We are excited about the journey ahead and the opportunities in the digital asset space. We believe that by aligning with startup communities, we can create a meaningful impact and drive innovation in this space.”
Investors in the pre-seed round
The investment came from a diverse group of investors, including ABN AMRO and the Techstars Future of Finance Accelerator, among others.
hypeal.com claims that the company’s co-founders, Andrea Baldereschi, Marco Fazio, and Akshay Gupta, alongside the Techstars team, played a key role in this funding round.
CEO Marco Fazio says, “The best is yet to come. With this funding in place, hypeal.com is well-positioned to lead the way in the exciting world of digital assets.”
“The stock market of ideas & startups”
hypeal.com’s approach is centred on empowering startup communities to harness the full potential of the rapidly expanding digital asset market.
The company’s strategy involves connecting startups with their communities, with the goal of redefining how digital assets are leveraged and utilised.
hypeal’s business model is built on issuing and trading fees, as well as capitalising on coin growth, making it a scalable and sustainable platform.
The company acknowledges challenges such as regulatory compliance and the need to increase tokenisation technology adoption, which they address through transparency and safety measures.