Blockchain media platform Cailu banks $10m in GBCI Ventures-led round

Chinese blockchain media platform Cailu secured US$10 million in a pre-series A funding round led by Singapore-based smart city investor GBCI Ventures.

Orka Capital, a digital asset investment fund headquartered in Singapore, also participated in the round.

From left: Cailu co-founder Li Xuan, GBCI Ventures CEO and co-founder Douglas Gan, and Orka Capital co-founder Zheng Jian Wei / Photo credit: GBCI Ventures

Cailu, a community-based platform that uses content to spur social connections, plans to use the new capital for research and development on blockchain immersion media, CLC ecosystem building, engineering, platform operations, and partnership programs.

CLC acts as the financial monetization fuel to incentivize users to act in the platform’s best interest.

Cailu collects personalized user behaviors to provide the community with content. Users then gain CLC points by mining, reading, commenting, signing, and doing certain tasks on the platform.