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FanTV raises $3 Mn to transform AI-powered content creation

EntrackrEntrackr · 4m ago
FanTV raises $3 Mn to transform AI-powered content creation
Medial

FanTV, a content platform on the Sui blockchain, has secured an additional $3 million in strategic investment from Mysten Labs, Cypher Capital, CoinSwitch Ventures, and Illuminati Capital. Prior to this, the company had raised $5.5 million from Multicoin Capital, Woodstock Fund, Krafton, IOSG Ventures, Pravega Ventures, and Tykhe Block Ventures. Founded in 2023 by Prashan Agarwal, FanTV blends AI and blockchain technology to empower content creation. It operates on the Sui blockchain and has attracted over 8 million users, including 80,000 creators, with more than 30 million transactions and 1.2 million hours of AI-generated content processed each month. According to FanTV, creators produce music, videos, podcasts, web series, and vlogs using cutting-edge AI tools. The platform supports both emerging talent and established influencers, featuring creators like TrevinVSNFT, Sui’s top content creator, Bitcoin educator Kashif Raza, CryptoIndia, BlockFuel, and rising digital voices like MrBreadSmith. Beyond making content creation effortless, FanTV is redefining how creators monetize their work. Through AI-powered tools, digital tipping, and personalized Creator Coins, it allows users to support their favorite creators while giving creators direct ownership of their content. FanTV’s economic model combines paid AI-powered content creation features with engagement rewards, allowing users to purchase credits for premium AI tools, tip and gift creators, and even launch their own digital tokens to offer exclusive content and foster deeper community engagement. FanTV plans to develop advanced AI tools for creators, expand its global creator network, and enhance user growth strategies. The platform’s unique approach to merging AI with blockchain capabilities ensures a decentralized ecosystem that prioritizes creator ownership, fair value distribution, and new opportunities for digital creators worldwide.

Dorje Teas raises seed funding from Coast Fund VC, Untitled Ventures, and others

EntrackrEntrackr · 9m ago
Dorje Teas raises seed funding from Coast Fund VC, Untitled Ventures, and others
Medial

Dorje Teas, a direct-to-consumer (D2C) startup based in Darjeeling, has raised Rs 1.8 crore in its Seed funding round led by Coast Fund VC (venture arm of Blink Digital), with participation from Untitled Ventures, Ice VC, SSK Exports, the Chandigarh Angels Network (CAN) and a consortium of Ashoka University alums. As part of the round, Dorje Teas also saw participation from creators & entrepreneurs like Arjun Vaidya & Varun Mayya. Dorje Teas will also be welcoming India’s leading TV star Nakuul Mehta as an investor & their brand ambassador. The three-year-old startup gained attention earlier this year by appearing on Season 2 of Shark Tank India, where it secured investment deals from prominent D2C investors Anupam Mittal and Vineeta Singh. The company claimed to have scaled up their operations and revenues 300% since their appearance in the reality show. Check TheKredible for more details. In addition to expanding its product offerings, Dorje Teas plans to establish an in-house content studio to create engaging content that highlights the brand’s commitment to health and quality. The company is also building its B2B vertical and initiating plans to export Darjeeling’s teas worldwide. Founded by Debasis Dey, Ishaan Kanoria, and Sparsh Agarwal, the startup will launch a content creators staycation program at the heritage Selim Hill tea garden, inviting influencers to experience and share their journey through the brand’s unique offerings. Notable venture capital-backed brands in this space include Vahdam Teas, Tea Box, and Team Monk.

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