Cheelee
ActiveWatch-to-earn social media platform with Web3 monetization
Web3 short-form video platform that pays users for watching content. Over 4.5M app downloads.
Founders
Funding Rounds
Token sale, 2022: '6 VC funds — $3.75M in token allocation' (CHEEL private/strategic token rounds; the whitepaper calls this the seed round). Funds not named by the company. Also: https://www.coincarp.com/fundraising/cheelee-unknown/ https://iq.wiki/wiki/cheelee Confidence: confirmed (round 13, GlobeNewswire (company press release)).
Investors: VC Sila, Veligera
2022, exact date not given. Company press release: 'VC Sila and Veligera — $8M in equity investments' as part of $22.75M attracted in 2022; the same statement says the founders themselves put $11M into the launch (founder capital, not recorded as a round). Also: https://www.newsbtc.com/news/company/cheel-and-lee-tokens-of-cheelee-platform-will-put-an-end-to-the-long-crypto-winter/ https://iq.wiki/wiki/cheelee Confidence: confirmed (round 13, GlobeNewswire (company press release)).
Lead: VC SILA
Investors: VC SILA
Token sale: $10M 'from VC SILA by SAFT' (simple agreement for future tokens), dateline Dubai; the release states $32.75M raised to date. Also: https://www.crypto-reporter.com/newsfeed/cheelee-raises-10m-from-vc-sila-for-further-development-promotion-of-its-app-where-everybody-earn-by-watching-videos-47325/ Confidence: confirmed (round 13, GlobeNewswire via Yahoo Finance (company press release)).
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