London-based TDGA secures NewMedia Holding as lead investor in $20m seed round
London based TDGA, the owner of the biggest brand in Space Media today, Space Hero, announced a $20 million seed round. As part of the round, Singapore based New Media Holding, owner of the World's largest Creator network and Asia's largest media network, has invested $5 million as a strategic investment. Furthermore, NMH has committed to be the lead investor for this round after an extensive due diligence valuing TDGA Holdings at $100 million pre money.
TDGA Holdings is operating the biggest brand in Space Media today, Space Hero. Space Hero has become the World's largest community around Space Entertainment. Space Hero will conduct Space missions with participants being able to apply through global competitions. First missions will be orbiting Earth for 5 days, subsequent ones will fly to the ISS, to the Moon and be part of the first mission to Mars.
Deborah Sass and Thomas Reemer, Founding Partners and Co-CEOs, Space Hero: "This is the exciting next step in our journey to create the largest global community around Space Entertainment. We have worked closely with the New Media Holdings executive team for over a year now and this investment is a true testament to the solid foundation both parties have built. Their tech & creator economy capabilities combined with our vision and extensive network in the space industry is a winning combination. We invite the financial community to join us, now that the round is open."
The seed round serves the purpose to further multi-launch agreement including global and first of its kind space marketing rights. To kick events off TDGA Holdings has secured a seat on the next private mission in 2024. The rest of the seed round will go towards the global expansion of the consumer brand and the community through gaming, video, platform, franchises, and space metaverse experiences.
Shabir Momin and Gurpareet Singh, Founders, NewMedia Holding: "With a long career in technology and innovation, leading the creator economy first in Asia, now in the rest of the World, we are happy to be able to support a truly disruptive project like Space Hero. With our global creator network, our metaverse tech & other disruptive Web3 technology along with access to few billion users we are now in the position to deservedly make Space Hero the global leader in Space Entertainment."