Autograph, the NFT company co-founded by well-known NFL participant Tom Brady, has raised $170 million in its sequence B funding spherical. The corporate revealed that the funding spherical was led by Andreessen Horowitz and Kleiner Perkins, with the participation of different notable corporations within the discipline. The funds raised will contribute to the growth of the corporate with new, undisclosed partnerships reportedly on the way in which.
Autograph Raises $170 Million
Autograph, the NFT agency that NFL star Tom Brady co-launched final yr, has raised $170 million in its newest funding spherical. The Collection B was led by two corporations: a16z and Kleiner Perkins, with the participation of Katie Haun’s new fund and Lightspeed associate Nicole Quinn. This marks a milestone for the startup, which raised $35 million in its Collection A funding spherical, reaching a valuation of $700 million at the moment. The corporate didn’t disclose its new valuation this time.
Tom Brady, co-founder of the platform, was very optimistic about the way forward for web3 and Autograph. He stated:
Massive information on the Autograph entrance. We’re pumped so as to add some actually educated individuals within the Web3 area to our staff.
The corporate, whose operation consists in being a hyperlink between entertainers, athletes, and followers to supply NFT memorabilia, has already managed to draw a lot of members to the NFT area, together with names like Tom Brady, Tiger Woods, Naomi Osaka, The Weeknd, Simone Biles, Tony Hawk, and Derek Jeter.
On the efficiency of the corporate, Arianna Simpson, normal associate at A16z, acknowledged:
Autograph has actually proven itself to be a rocketship up to now six months. Their NFT platform is delivering digital experiences that excite mainstream shoppers, not simply the crypto group.
Growth in Sight
Within the press launch saying the outcomes of the funding spherical, the corporate acknowledged it had the intention of increasing its group at scale, and famous that to attain this goal it had additionally finalized different partnerships that might be disclosed quickly.
Final yr, the corporate announced a take care of Draftkings, to launch a joint NFT market with the target of permitting customers to take possession of and commerce their NFTs acquired by way of Autograph’s drops. The market makes use of Polygon — an Ethereum growth sidechain — to finish its operations. That is meant to assist customers keep away from excessive charges that NFT homeowners usually need to pay on Ethereum.
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