Foresight News, a Singapore-based news website, has raised $2 million in a seed round led by Foresight Ventures.
Foresight News Raises $2M in Seed Funding
The seed round was led by leading investors including Haskhey and Arcane Group. The funds raised will be used to expand the platform’s news team, improve its AI technology, and other developments that will contribute to the platform’s growth. Sunny He, Investment Director of HashKey Capital said:
“Foresight News is not only one of the most influential media outlets in the Chinese community, but also dedicated its efforts to bridge the conceptual gaps across different communities in the world. Beyond the media, the flash news and in-depth analysis, their commitment to filling the gap and building the knowledge database for the Web3 community is impactful. It is a great honor to back such a strong and visionary team.”
What Does Foresight News Do?
The platform is widely recognized as a significant news source in the Chinese-speaking region. Foresight follows many sources, including Twitter, blogs, Medium, Mirror, and traditional media sources, to provide its users with industry news. In addition to the news portal, the platform has launched the “Public Chain Ecological Panorama” and an “Investment Institution Investment Map” program. Neil Su, Managing Partner of Arcane Group, said:
“Building the knowledge stack for Web3 is especially crucial for global mainstream adoption. As such, Arcane Group believes that the values and plans laid out by Foresight News will help fill in the gaps. We are thrilled to be supporting the company’s efforts to create a much-needed Web3 data intelligence platform.”
About Foresight News
Foresight News is a news portal founded by Vincent Yu, formerly of Xcong Blockchain and ChainNews. The platform provides users with daily blockchain industry news. The platform sees itself as the Bloomberg of Web3 in the future.
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