EVOS Esports Founder’s new Web3 media startup Avium lands US$2M funding

Avium, a Singapore-based startup building a network of studios by leveraging Web3 infrastructure, has secured US$2M in pre-seed capital led by Saison Capital. 

East Ventures, Mirana Ventures, Ricky Ow (ex-Warner Media), and Hepmil Media Group, among others, also joined.

Avium was founded by Ivan Yeo, Nathanael Lim, and Eugene Yap. 

Yeo previously founded EVOS Esports, a prominent e-sports organisation in Southeast Asia, with more than 100 million followers across its talent network. Lim is a blockchain lawyer for Huobi, Binance, Facebook and Razer. Yap is a former strategy consultant who has delivered projects for Morgan Stanley and Partners Group.

Avium builds an entertainment brand to greenlight original content by the Southeast Asian studios behind Marvel Comics, Valve, Netflix, Prime Video, and Tencent.

At the centre of Avium’s ecosystem is the Founders’ Pass collection, an NFT designed to incentivise the creatives and studios building Avium’s brand. Holding an Avium Founders Pass grants entrepreneurs, creators and artists access to the exclusive community building the Avium brand together with the founding team. Founders’ Pass holders are considered the founding members of Avium, with rights to build with studios and producers while leveraging on the brand. 

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The Web3 startup has also attracted a community of more than 10,000 highly engaged followers across its various social media platforms.

Avium has onboarded Caravan Studios and Circle Studios, two renowned regional art and animation companies. 

Caravan has developed entertainment IP for household brands, including Marvel Comics, Netflix, Prime Video, Lego, Legends of Runterra and Clash Royale. On the other hand, Circle Studios is the developer of Valve, Tencent, Dota and Mobile Legends.

The Avium ecosystem gathers stakeholders across the entire value chain required to create and produce entertainment in all forms of animated content. This includes the end-to-end process from the

1. Development of original studio entertainment (via creatives, digital artists, rendering teams, producers and more).
2. Creation of media and consumer products (via comics, animations and merchandising).
3. Distribution through media networks (brand distribution via content creators and e-sports channels).

“What catalysed Avium was the realisation that Southeast Asia’s studios deserve a better IP pathway to success. Globally, we already know their work via household gaming and media characters but have yet to give them an industry-recognised path to showcase the full spectrum of their brilliance,” said Co-Founder Yeo.

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