Crypto Incubator and Advisor PANONY Secures Round-A Funding

Blockchain-focused incubator, investor and advisor PANONY has closed a Series A funding round backed by NGC Ventures, one of Asia’s largest crypto investment firms, boosting it to a valuation of $100 million.

PANONY was launched in 2018 by Alyssa Tsai and Tongtong Bee, with over 10 collective years in the Asian blockchain industry. While the firm is headquartered in Hong Kong, its team of over 30 correspondents, strategists and advisors are based around the globe in key regions – China, South Korea and the US.

It has assisted over 100 startups worldwide with successful launches and effective strategies, and has consulted Fortune 500 companies for their integration and expansion into the industry.

Its portfolio companies and clients include Binance, Amazon Web Services, decentralized Ethereum scaling platform Polygon, leading comprehensive crypto financial service provider Babel Finance, and more.

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PANONY’s institution and retail-facing news outlet PANews is providing actionable insights of key developments and opportunities through timely analytic content, with over 1.4 million monthly page views.