Romania-based TOKHIT, a blockchain-powered gamified social app, announced on Thursday, February 9, that it has closed $100M (approximately €93.6M) in a fresh funding round from an international investment fund.
The Romanian company has not revealed the investor’s name and the valuation at which the deal was closed.Â
The capitalisation will be conducted through TOKHIT Holding Switzerland financed by ODAS Group, which will coordinate all development and promotion activities at the global level.
“The funds will be used to fuel further developments of the product on all devices, to strengthen the global reach and ambitious international goals in terms of user conversions, and to support the listing on the crypto platforms,” says Andrei Ureche, TOKHIT’s founder and CEO.
The announcement comes after a $100K Seed investment and additional three rounds dedicated to token sales.
TOKHIT: Gamified social platform
Founded by Andrei Ureche and Cristian Voaides, TOKHIT is a gamified platform powered by Blockchain technology where content creators, influencers, and Crypto & NFT enthusiasts can socialise, play and earn.Â
The app lets users earn crypto rewards (Diamond HITT tokens) for their in-app activity and the platform’s AI algorithm pushes every published post to other users, helping creators gain new followers.
The app is available for download on iOS devices, with upcoming developments aiming to make it available on all platforms.
