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Press Release

Singapore Anime Startup BlockPunk Announces $1.3M Seed Round Led by SeedPlus



Includes Strategic Partnership with Japanese Printing Giant Dai Nippon Printing Co. Ltd.

Press Release up to date: Feb 19, 2019

Singapore-based anime tech startup BlockPunk introduced that it has raised $1.three million SGD in a seed investment spherical led via SeedPlus. The spherical was once joined via SGInnovate, Hustle Fund, Entrepreneur First and Japan’s biggest printing corporate Dai Nippon Printing Co. Ltd, with whom they’ve a strategic partnership. The finances might be used to increase the engineering crew and broaden product.

The BlockPunk platform lets in any author to show their virtual paintings into scarce collectible products. It makes use of blockchain to create evidence of authenticity and a brand new supply of source of revenue for creators. BlockPunk’s beachhead is the $20 billion international anime trade and was once based via Julian Lai-Hung, former head of anime at Netflix, and Jatin Shah, a Yale Ph.D. in pc science and previous product supervisor at ConnectedIn. Content from creators reminiscent of Ishimori Pro (Cyborg009), Kazuto Nakazawa (Kill Bill, B the Beginning) and Zunda Horizon (Tohoku Zunko) are already are living, with extra within the pipeline.

“Anime merchandise supply is broken. Fans want to consume merchandise globally as soon as the anime is streamed online but merchandise is rarely available due to fragmentation and supply chain issues. Unlicensed products have become the norm to match this demand. Our solution allows any creator to instantly create official collectible merchandise that is available worldwide,” mentioned Julian. “With our strategic partnership with DNP, a $14 billion revenue world leader in printing technologies, we will extend our technology to physical merchandise in addition to digital.”

“The Japanese government has identified blockchain as a key infrastructure for protecting creator rights and we look forward to working with BlockPunk to apply this to Japan’s anime, art and entertainment industries,” in line with a observation from Dai Nippon Printing Co. Ltd.

“BlockPunk enables new levels of transparency and efficiency in protecting creator and owner IP rights. We are very excited to invest and support the team in this important mission,” mentioned Michael Smith, managing spouse at SeedPlus.

About SeedPlus

SeedPlus is a Singapore-­founded seed-stage challenge company that invests S$500okay to 1M in early-stage firms on marketplace phrases. Once the funding is in position, SeedPlus works along side founders to develop to learn or the following spherical of investment thru a key progress community supported via complete­-time running companions. Seedplus LPs come with Jungle Ventures, Eight Roads, Cisco, Accel Partners and SGInnovate.

About Entrepreneur First (EF)

EF is a ability investor, based in London in 2011 via Matt Clifford and Alice Bentinck to beef up the sector’s maximum formidable folks to construct globally essential firms.

EF’s bespoke programme, the primary of its type on the earth, invests money and time in exceptional folks, serving to them to discover a co-founder, broaden an concept and create a high-growth era corporate from scratch. To date, EF has helped over 1,200 folks construct greater than 200 firms, with a complete valuation of US$1.five billion. EF’s firms had been funded via lots of the main challenge traders in Europe, Asia and Silicon Valley.

EF itself is subsidized via one of the crucial international’s very best traders, together with the founders of ConnectedIn, DeepThoughts and PayPal and runs cohorts in London, Singapore, Hong Kong, Berlin, Paris and Bangalore. Major exits to this point come with Magic Pony – which bought to Twitter for a reported $150 million simply 18 months after the founders met on EF – Avocarrot, Represent and BloomsburyAI.

About SGInnovate

SGInnovate is a personal restricted corporate wholly owned via the Singapore govt. At SGInnovate, we imagine that Singapore has the entire sources and functions had to take on “arduous issues” that topic to folks world wide. As a part of our Deep Tech Nexus Strategy, we’re excited by including tangible price to the Singapore deep tech startup ecosystem in two key spaces – construction of Human Capital and deployment of Investment Capital. With the beef up of our companions and co-investors, we again deeply technical founders thru equity-based investments, get right of entry to to ability and beef up in construction buyer traction. Our efforts are prioritised round transformational applied sciences reminiscent of Artificial Intelligence, Blockchain and MedTech, which constitute impactful and scalable solutions to international demanding situations.  

About Dai Nippon Printing Co. Ltd.

DNP was once based in 1876 and is likely one of the international’s biggest printing era firms. DNP serves round 30,000 company shoppers in Japan and across the world touching tens of millions of customers throughout more than one printing and IT services and products. In fresh years, DNP has a renewed center of attention on selling the distribution of Japanese anime, manga and recreation content material throughout virtual and bodily media and supporting the author group throughout the “FUN’S PROJECT,” a collaboration mission with Japanese creators. In addition, DNP operates the Tokyo Anime Center within the DNP Plaza in Tokyo as a point of interest for appreciation and promotion of anime tradition.

About Hustle Fund

Hustle Fund is a pre-seed/seed-stage fund founded in San Francisco and Singapore. Their core funding technique is to spend money on groups who show relentless velocity. Hustle Fund is led via Elizabeth Yin, Eric Bahn and Shiyan Koh. The trio met 18 years in the past at Stanford University and feature collaborated ever since. Hustle Fund’s LPs come with Shanda, LINE and Naver, in addition to a huge vary of Silicon Valley era executives.

About BlockPunk

BlockPunk is an leisure startup that makes use of blockchain to offer creators extra keep an eye on over their virtual rights. BlockPunk permits any author to simply promote collectible products. We use Blockchain so fanatics can declare true virtual possession. We introduced the sector’s first sale of anime crypto items and feature partnerships with main anime manufacturers from Japan. BlockPunk is main the decentralization of the movie/TV trade with anime as its beachhead.

Julian Lai-Hung was once head of anime and Japan content material at Netflix and VP of virtual distribution at Warner Bros. A Wharton MBA, he additionally co-founded Digital Magic Labs, an web pioneer in Japan. Jatin Shah is knowledgeable in disbursed methods with a Ph.D. in Computer Science from Yale University and a BTech in Computer Science from IIT. Jatin joined the Linkedin product crew in Silicon Valley pre-IPO and has led product and knowledge science groups at Yahoo, InMobi and Quikr.

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Source: BlockPunk

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