🖥️Fundraising
Use of Funds
The use of funds for the pre-seed round is allocated as follows:
Growth (Business Development and Marketing) 45% - This portion fuels Fume’s go-to-market acceleration through direct client acquisition, partnerships, and brand amplification. Activities include:
Hiring business developers to strengthen institutional relationships and onboard new funds.
Expanding Fume’s presence at major institutional Web3 and fintech events through sponsorships, speaking opportunities, and exhibitions.
Co-sponsoring initiatives with fund administrators and compliance providers to increase visibility and trust within regulated markets.
Running targeted marketing campaigns across X (Twitter), Reddit, and Telegram, leveraging community engagement and digital advertising to grow brand awareness and user adoption.
Continuing market research and refining positioning to capture early adopters in the fund administration space.
Development (Beta and Launch) 15% - With the platform already live, funds will be used to enhance product capabilities and infrastructure scalability. Focus areas include:
Expanding on-ramping features to support multiple blockchains and currencies, simplifying the experience for fund managers and investors.
Integrating additional compliance modules and API connections with external fund administrators, custodians, and stablecoin issuers.
Continuing performance optimization, user experience refinement, and new functionality aligned with institutional needs.
Ongoing smart contract security audits and monitoring to ensure reliability and trust.
Legal & Compliance (Certifications & Regulatory Research) 5% - Legal and compliance efforts will strengthen Fume’s credibility and trust with institutional partners. This includes:
Obtaining ISO 27001 and SOC 2 certifications to demonstrate adherence to top-tier information security and operational standards.
Conducting regulatory research and securing documentation necessary for global expansion, particularly across Switzerland, Luxembourg, and the UAE.
Engaging specialized legal counsel to ensure alignment with evolving fund administration regulations and tokenization frameworks.
Operational Costs (Admin, Tools, and Office) – 10% of the funds are dedicated to the ongoing costs of running the business which includes administrative salaries, office supplies, rent, and subscriptions to necessary software tools.
Next Round Reserve – 25% of the funds are reserved for the contingency to the next round, which is set aside as a buffer for future fundraising activities or to extend the runway before the next financing round.
Current Burn Rate
As of today, the current burn rate is $14'500/month to sustain 3.5 FTEs, the IT infrastructure, and growth activities.
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