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[FUNDING NEWS] Singapore-Based UXLINK Secures $15 Million in New Round of Funding

UXLINK, the industry-leading Web3 social infrastructure, has now revealed a fresh funding round, marking a critical milestone in its path. Driven by SevenX Ventures, INCE Capital, and HashKey Capital, this round drew in a number of investors, solidifying UXLINK's lead position in the market.

UXLINK, the industry-leading Web3 social infrastructure, has now revealed a fresh funding round, marking a critical milestone in its path. Driven by SevenX Ventures, INCE Capital, and HashKey Capital, this round drew in a number of investors, solidifying it’s lead position in the market.

Read also – India-Based Annapurna Finance Secures $75 Million in Funding

This most recent funding round surpasses $5 million and brings it’s total funding to over $15 million. Notable personalities and organisations from the United States, Europe, Asia, and the Middle East have generously contributed.

Founded on “acquaintance social relationship” and groups, it is a Web3 social platform and infrastructure with over 5.5 million registered members, over a million daily users, and over 100,000 groups.

Read also – Indonesian-based climate tech provider Jejakin Secures $2.7 Million in Funding

The UXLINK community manager states that the new funding is primarily utilised for the creation of ecological and post-TGE products in order to enhance the issuance, trade, and distribution of socialised assets. At the moment, cash flow is strong and UXLINK DAPP and agreement revenues are rising gradually.

Jon, founding partner of SevenX Ventures, said, “We are optimistic about UXLINK’s ability to become a key hub linking Web3 infrastructure and application scenarios through the asset distribution and trading capabilities birthed by socialization.”

Rui, HashKey Capital’s head of investment for the program, said, “Through private domain socialization, acquaintance pulling and Telegram group chat propagation mode, UXLINK has quickly become one of the blockchain social platforms with the highest user activity at this stage, and the team is looking forward to providing more Web3-native assets and on-chain products to this group of users, driving Web3 application’s Mass Adoption.”

About UXLINK

UXLINK is the largest web3 social platform and infrastructure for users and developers to discover, distribute, and trade crypto assets in unique socialized and group-based manners.

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