What does Savea do?
Savea is a fintech company that creates regulated investment products by tokenizing high-value, physically scarce assets such as fine wine, classic cars, and watches, making these investments more accessible and liquid.
How much did they raise?
The company raised $2.5M in Pre-Seed funding, with the round being led by venture studio EmergentX and supported by angel investors.
What are their plans for the money?
Savea plans to use the funding to launch new investment opportunities that leverage blockchain technology, enhancing liquidity, scalability, and accessibility for investments in physically scarce assets.
What have they achieved so far?
The company has already introduced its inaugural product, SAVW, an ETF-like solution that tracks the benchmark wine index and is fully backed by physical reserves, and has partnered with Decentralized Storage and Tokenization Network (DESAT) for secure asset management.
