Irene Zhao's SO-COL to Raise Funds at US$100 Million Valuation

SO-COL aims to assist creators with a wide variety of NFT-based projects

Teckwai Saw

11 May, 2022

Irene Zhao's SO-COL to Raise Funds at US$100 Million Valuation | BEAMSTART News

Social Collectables (SO-COL), the startup co-founded by Singapore-based Instagram influencer Irene Zhao, is raising fresh funds in a round led by Blockchain Capital.

The value of the round is estimated at US$100 million, according to a reported source.

The size of the round is yet to be determined as discussions with investors are still ongoing.

Community Q&A

"We are helping all the creators and influencers who are completely web2 get into web3 by giving them a very simple user interface," Zhao said.

Zhao, the person behind IreneDAO, an NFT collection of digital stickers — depicting Zhao in various poses accompanied by crypto catchphrases — have raised over US$5 million within 10 days of its launch.

Background of SO-COL

  • The startup was founded by Zhao and Benjamin Tang early this year.
  • Zhao claimed that the IreneDAO project was a proof of concept for the SO-COL platform.
  • SO-COL's mission is to make web3 accessible, affordable and more eco-friendly for everyone.
  • The startup closed US$1.75 million in a seed round co-led by DeFiance Capital and Animoca Brands during February this year.
  • SO-COL is yet to officially launch, but Zhao mentioned that could change in the next month.

Already a member?

Sign in to read this article & enjoy the following:

  • Access to members-onnly content, events, and more
  • Connect with a global community of CEOs, Business Owners, and more.
  • Free Business Feature & Profile Listing
  • Post Unlimited Jobs & Hire Talent Effectively
  • Connect with Investors and Fundraise
  • Search through entire members, companies, and investors directory
  • and lots more!

Latest Jobs

Senior Marketing

Gallons & Grapes Pte Ltd

Buona Vista, Singapore

Full Time

SGD 4000 — SGD 4500 monthly

English-Korean Freelance Transcriber in Singapore

Elite Asia


Contract / Freelance

Salary Undisclosed

Account Manager (Hybrid)


New York, NY, United States

Full Time

Salary Undisclosed

Customer Service Representative

Gamer's Hideout Sdn. Bhd.

Dataran Prima, Petaling Jaya, Malaysia

Full Time

MYR 3000 — MYR 4000 monthly



SIngapore, Singapore

Contract / Freelance

SGD 9 — SGD 11 monthly

English Technical/Legal Writer

Pacston Technology Group

Kuala Lumpur, Malaysia

Full Time

USD 20000 — USD 60000 monthly

Junior Accounts Cum Admin Assistant


Kallang, Singapore

Full Time

SGD 1600 — SGD 1800 monthly

Head of Developers


Manila, Philippines

Full Time

USD 2000 monthly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

© 2016 - 2022 BEAMSTART. All Rights Reserved (Legal).