Gritti, a Singapore-based provider of a web3 social fitness app, raised $1.7M in Seed funding.
The round was led by Lingfeng Innovation Fund with participation from Youbi Capital, Bixin Ventures, Orderly Network, Stratified Capital and CDI.
The company intends to use the funds to expand operations and its development efforts.
Gritti is a provider of a web3 social fitness app building positive habits through engaged communities and gamification. It is holding its closed beta with full open beta scheduled for later this year. In addition, the company is launching its first NFT sneaker drop. The “Gritti Genesis Sneakers” will launch 2,000 pairs of NFT sneakers in the upcoming first phase.
The company’s board of advisors includes: Founder of the Adi Dassler Legacy Platform Horst Bente, Former EA Sports China GM Jared Johnson, Former Vice China CEO Bryant Chou, Former HSBC London TMT Investment Banking Head Umar Ali, and Managing Partner at Atmos Ventures Sami Moughrabie.