The $2.5 million pre-seed funding will be deployed to develop regulated, investment products focused on high-value assets like wine.
Fintech company Savea, which is focused on creating regulated investment products based on tokenised high-value, real-world assets, raised US$2.5 million in pre-seed funding from angel investors and venture studio EmergentX.
The funding will support Savea’s mission to launch new investment opportunities that leverage blockchain technology to increase access, liquidity, and scalability for physically-scarce assets like fine wine, classic cars, or watches.
“High-value assets, or ‘passion assets,’ attract mature investors for their stable growth and benefit as a hedge against market volatility,” Sam Mudie, Co-Founder and CEO of Savea, shared. “The problem is that investing in these assets often requires a special relationship and involves lengthy, inefficient processes. Savea’s blockchain-based infrastructure allows investment in an ERC-20 token, backed 100% by physical assets held in reserve, resulting in a highly liquid and scalable alternative to traditional asset ownership.”
Lee Smith, a cornerstone investor in the pre-seed round and founder of EmergentX, a venture studio focused on startups leveraging blockchain and AI technology, said: “Particularly in the context of today’s volatile global equities markets, I immediately saw the value of Savea’s investment infrastructure to tokenize real-world, high-value assets that are not correlated to stocks or other digital assets. Savea is a game-changer for family offices, hedge funds, and crypto investors who want to diversify their portfolios with regulated investment product offerings.”
Savea’s inaugural product will be a regulated exchange-traded fund (ETF)-like structure that tracks the performance of the fine wine market, and is expected to be available in Q2 2025.
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