fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Featured

Web3 finance dashboard Headquarters raises $5m in pre-Seed funding

Team AsiaTechDaily by Team AsiaTechDaily
21 September 2022
in Featured
0
Headquarters Team

Headquarters Team

32
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

Headquarters, a Singapore-based finance dashboard for Web3 teams, has announced raising $5 million in a pre-Seed funding round co-led by Crypto.com Capital, Forge Ventures, and MassMutual Ventures.

The funding round was also participated by Web3 funds including Saison Capital, Coinhako, Longhash Ventures, Ocular, Sky9 Capital, and DWF Labs. Other participants include angel investors from custodial and non-custodial wallets such as Gnosis Safe’s Co-Founder Lukas Schor, Spenmo’s Co-Founder Mohandass Kalaichelvan, Fazz’s Co-Founder Liu Tianwei, and Web3 industry veterans including Nansen’s CEO Alex Svanevik, Race Capital’s Chris McCann and Etherscan’s Founder Matthew Tan.

The company said the fresh capital will accelerate its finance dashboard for Web3 teams, called HQ teams, to manage financial operations and reporting for more responsible accounting practices industry wide.

“Web3 teams are building industry-defining solutions but lack the same rigour when it comes to keeping their financial operations and reporting in order. We built HQ Teams to make finance best practices less exhausting by taking out the tedious manual work. Getting this right means teams can finally expect the same operational excellence for their internal financial workflows as they do with everything else in the sector,” said Sharon Paul, Headquarters Co-Founder and CEO.

The rapid growth of Web3 companies and DAOs (Decentralised Autonomous Organisations) are challenging the status quo of business operations, yet existing FinOps tools have not adapted.

FinOps in Web3 has specific hurdles such as fragmented working capital as teams commonly have finances spread across wallets that are both custodial (eg. centralised exchanges or crypto-friendly fintechs) and non-custodial (eg. managed via Metamask, Ledger, Gnosis Safe).

This makes Web3 bookkeeping subject to human error as managing payables and receivables typically involves spreadsheets and a highly manual process of copying and pasting transactions.

In addition to directly onboarding Web3 projects, Headquarters is also teaming up with Web3 corporate secretaries, accountants and incubators to utilise HQ Teams as the tool for their clients and portfolio companies.

Headquarters will use the capital from the pre-seed round to accelerate its blueprint for enabling financial operations and reporting in Web3, which will include bridging wallets with traditional FinOps tools spanning from accounting, invoicing, payroll, spend management, and fiat ramps.

Previous Post

Cake DeFi launches hybrid product for conservative crypto investors

Next Post

Korean food tech TissenBioFarm raises $1.6 million to bring culture meat with real texture & marbling

Related Posts

edit post
ShopUp
E-commerce

ShopUp, Bangladesh’s B2B commerce platform, secures $30m in debt financing

February 2, 2023
edit post
WeMo
Featured

Urban mobility startup WeMo raises $15m from AppWorks to boost SE Asia expansion

February 1, 2023
edit post
Peris.ai
Cybersecurity

Indonesian cybersecurity startup Peris.ai scores funding to enhance platform

February 1, 2023
edit post
Qritive
Featured

Healthcare AI startup Qritive nets $7.5m to expand into new markets

January 31, 2023
edit post
Sea Ltd Shopee
E-commerce

Sea to create 2,000 jobs in Malaysia in expansion push

January 31, 2023
edit post
Kick Avenue
E-commerce

Indonesian sneaker marketplace Kick Avenue raises $2.9m funding

January 31, 2023
Next Post
edit post
TissenBioFarm

Korean food tech TissenBioFarm raises $1.6 million to bring culture meat with real texture & marbling

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback