Miguel Cordon · · 1 min readSingapore-based lifestyle brand Mighty Jaxx banks $1.58m in pre-series A round
Singapore-based urban culture lifestyle startup Mighty Jaxx raised roughly US$1.58 million in a pre-series A investment round led by local startup growth platform Eight Mercatus.
Mighty Jaxx founder and CEO Jackson Aw speaking during the 2017 Shopify Meetup in Singapore / Photo credit: Mighty Jaxx
Government-owned investment firm SGInnovate also participated in the round, according to a statement.
Mighty Jaxx plans to use the fresh investment to fund its continued global expansion and further develop its proprietary tech platform.
The company, founded in 2012, designs and manufactures collectibles and lifestyle products, and collaborates with global brands and music labels to expand its global presence. In building its blockchain-driven platform, the company plans to leverage the GovTech OpenCert platform, allowing it to issue permanent and tamper-resistant certificates to each of its collectibles.
“As an industry, we are only just scratching the surface of how powerful harnessing technology can be when combined with the massive scale and transactions offered by our global fanbase to scale our growth fast,” said Mighty Jaxx founder and CEO Jackson Aw.
Editing by Dante Gagelonia
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