# Amp.it

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/amp-it

- Industry: Software
- Headquarters: Dubai, United Arab Emirates
- Website: www.poweredby.amp.it
- Total disclosed funding: $5.8M
- Latest round: Seed (May 24, 2022)
- Investors on record: 4

## About

Based in Dubai, United Arab Emirates, and founded in 2015 by CEO Derrick N. Ashong, CPO Jonathan Gramling and Esteban Robles Luna, Amp.it, Inc., a.k.a. AMP Global Technologies develops digital media platform that helps content creators build a direct relationship with their audience. In May 2022, Amp.it, Inc raised USD 5.6 million in seed funding from MaC Venture Capital, with participation from individual investors. The seed funding values Amp.it, Inc at USD 13 million post-money.

The company provides Take Back The Mic (TBTM), a blockchain-based video entertainment platform that allows content producers to build a direct relationship with their audience and rewards viewers for their engagement. The platform enables fans to exchange points for Kola, which is an AMP’s digital currency built on an Ethereum-compatible blockchain to buy mobile data.

## Funding rounds

- Seed, May 24, 2022, $5.6M — MaC Venture Capital
- Seed, Mar 28, 2018, $0.1M — Black Star Fund, Launch Africa Ventures, The Continent Venture Partners

## Investors

- Black Star Fund (https://capitalatlas.ai/funds/black-star-fund) — Seed
- Launch Africa Ventures (https://capitalatlas.ai/funds/launch-africa-ventures) — Seed
- The Continent Venture Partners (https://capitalatlas.ai/funds/the-continent-venture-partners) — Seed
- MaC Venture Capital (https://capitalatlas.ai/funds/mac-venture-capital) — Seed