# Confiction Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/confiction-labs

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.confiction.com/
- Total disclosed funding: $6.5M
- Latest round: Seed (Sep 9, 2023)
- Investors on record: 15

## About

Confiction Labs, based in Singapore, develops innovative collaborative entertainment solutions designed to engage users and foster community interaction. Their flagship product offers a unique blend of creativity and immersive storytelling.Founded in 2021, Confiction Labs specializes in collaborative entertainment solutions. The company is headquartered in Singapore and has completed a total of 1 funding deal. The most recent deal occurred on September 9, 2023, where Confiction Labs raised USD 6.5 mn in a SEED funding round co-led by Alpha JWC Ventures and Shima Capital, with participation from various other investors. CEO Arief Widhiyasa leads the company, leveraging his extensive experience in the tech and entertainment sectors.Confiction specializes in collaborative entertainment solutions, focusing on innovative product offerings that foster user engagement and community interaction. The company's flagship product, Fict One Occultical, serves as a comprehensive universe that embodies Confiction Lab’s Collaborative Entertainment formula. This platform is designed to scale and evolve, providing users with unique experiences that blend creativity with immersive storytelling. Targeted primarily at digital entertainment consumers and developers, the service aims to address challenges in engaging audiences through participatory and interactive narratives. Confiction's products are marketed globally, with particular emphasis on regions such as North America, Europe, and parts of Asia, catering to both individual users and enterprise clients within the entertainment industry.Confiction generates revenue through a combination of subscription models and partnerships within the entertainment ecosystem. Clients engage with the platform through various pricing plans, which include tiered subscriptions based on the level of access or features utilized. Businesses may enter into partnership agreements that allow them to leverage the Fict One Occultical universe for their own content creation, while consumers could subscribe for access to exclusive features and experiences. This structure facilitates direct engagement between Confiction and its users, fostering a dynamic marketplace that encourages content creation and collaboration. By establishing a user-centric ecosystem, Confiction enhances its revenue potential through both B2B and direct-to-consumer interactions.In September 2023, Confiction Labs raised USD 6.5 mn in Seed funding to support the development and launch of their initial core products. The company is focused on expanding its offerings and aims to introduce new products that enhance user engagement. Additionally, Confiction plans to target growth in specific markets, particularly in North America and Europe, with strategic initiatives aimed at launching new features and experiences by the end of 2024.

## Funding rounds

- Seed, Sep 9, 2023, $6.5M — Alpha JWC Ventures, GDP Venture, Coffee Ventures, Saison Capital, Shima Capital, HYPERITHM, Arcane Group, Emurgo Ventures, Planetarium Labs Pte. Ltd., Garden District Ventures, MARBLEX Corp., aelf Ventures, Presto Labs Pte. Ltd., Arkblu Capital, NanoByte

## Investors

- Alpha JWC Ventures (https://capitalatlas.ai/funds/alpha-jwc-ventures) — Seed
- GDP Venture (https://capitalatlas.ai/funds/gdp-venture) — Seed
- Coffee Ventures (https://capitalatlas.ai/funds/coffee-ventures) — Seed
- Saison Capital (https://capitalatlas.ai/funds/saison-capital) — Seed
- Shima Capital (https://capitalatlas.ai/funds/shima-capital) — Seed
- HYPERITHM — Seed
- Arcane Group (https://capitalatlas.ai/funds/arcane-group) — Seed
- Emurgo Ventures (https://capitalatlas.ai/funds/emurgo-ventures) — Seed
- Planetarium Labs Pte. Ltd. — Seed
- Garden District Ventures (https://capitalatlas.ai/funds/garden-district-ventures) — Seed
- MARBLEX Corp. — Seed
- aelf Ventures (https://capitalatlas.ai/funds/aelf-ventures) — Seed
- Presto Labs Pte. Ltd. — Seed
- Arkblu Capital (https://capitalatlas.ai/funds/arkblu-capital) — Seed
- NanoByte — Seed