MContent raises seed capital from prominent UAE based institutional investors at a $10 Mn pre-money valuation
Dubai, United Arab Emirates--(Newsfile Corp. - January 27, 2022) - Launched in July 2021, MContent is an eco-system that enables crowd funding of film production and capital-intensive content creators using Cryptocurrency and NFTs. Since July, the platform has now funded 11 prominent film projects across four continents of the World. The company has recently completed its Seed funding round at a valuation of over $10 Mn raising almost $5 Mn from prominent institutional investors in the UAE.
Figure 1: The World’s 1st Blockchain and NFT Backed Film CrowdFunding Platform secures $5 Mn in seed round led by Gargash Group and other investors
The most notable investment came from Gargash Group - one of the leading business conglomerates in UAE, having a strong presence within the automotive, real estate and financial services sectors. Daman Investments, which is amongst the leading non-banking financial services entities in the region; was the lead advisor and the most prominent pre-seed investor in MContent. Other institutional investors participating in the recently concluded round included DIFC based firm Fiducia Capital as well as Planet N Investments from UK (a global fintech startup investment fund).
MContent has already funded 11 production projects including the extremely popular documentary film on the El Savador's Bitcoin Revolution. The film is set to be released on Insight TV next month, a global factual entertainment platform headquartered in Netherlands that has access to 200 Mn Households. Thereafter, MContent also partnered with Insight TV to co-produce an entire "Blockchain Life" series which is already sought after within the leading OTT platforms of the World. MContent became the first blockchain company in the World to successfully mint and market BTS NFTs which essentially meant the "Behind the Scenes / Bloopers" of the entire film minted as exclusive access NFTs on the blockchain.
The independent film makers who have successfully acquired funding for their film projects through MContent are scattered across four continents of the World including successfully concluded projects in deserving markets like South America, Africa and South-East Asia. The largest markets are also fully covered as the soon to release project titled, "The Ripple Vs SEC Saga" has been filmed in the United States - a documentary on the biggest case in the history of crypto, featuring prominent individuals related to the case like John Deaton & Ben Armstrong, as well representatives from the regulators and investors. The trailer of this upcoming thriller has already attracted millions of views on social media given the popularity of the subject and the quality of the production. Also a recent trailer on the first ever animated series in the crypto space titled "Alex Got Rekt" has got audiences waiting for another blockbuster release by MContent. A production titled "The unexpected rise of Binance," featuring the CEO of one of the biggest crypto trading platforms is also a popular product in the works that has been funded through the MContent Eco System.