if the team is who what they presented themselves and their project is licensed by the Singapore Tourism Board, i don't think this won't get funded anytime soon. projects of today actually somehow not asking too much for the funds, 2,475,000 USD is nothing compare to what previous projects 2017 got.
And with the long list of advertisers and business partners, high probability that this will make a name in the travel industry.
Getting this $2.475M hard cap should be an easy job for them.
But one thing that I don't like about this kind of app - they know where you are heading for your travel destination, where you want to stay, where you want to eat, as if they are tracking your every movement.
Sometimes you will receive an email regarding an offer of hotel discount to where you are going. Now, you will wonder how they know those every bit of info.
It's because of the details that you enter on this app. And suddenly you are receiving offers from everyone.
If you value your privacy and do your own thing, I think this app is nor for you. Just my thoughts.