Metaversal Raises $50 Million in Series A Round Co-Led by CoinFund and FoxhavenMetaversal, the innovative holding company that co-produces and invests in iconic NFT projects and technology that unlocks the open Metaverse, today announced the completion of a $50 million Series A round. The Series A round was co-led by blockchain investment firm CoinFund and Foxhaven Asset Management, a research-intensive investment firm that invests alongside leading management teams in the consumer and technology industries. The financing highlights how the open Metaverse ecosystem is rapidly scaling to support a vibrant creator economy.
The oversubscribed round also includes participation from Collab+Currency, Dapper Labs, Digital Currency Group, Franklin Templeton, Galaxy Vision Hill, Narwhal Ventures, NGC Ventures, Rarible, Rockaway Blockchain Fund, 6ixth Event Fund, Spartan Capital, Synthetix founder Kain Warwick, Theta Blockchain Ventures, and Trousdale Sarosphere. Following this round, Metaversal is excited to bring new projects to life on Flow, Rarible and other platforms.
“As an early investor in NFTs and Metaverse companies, CoinFund remains committed to leading in this arena by supporting Metaversal, the premier venture studio and NFT investor in the space,” said Jake Brukhman, Founder and CEO of CoinFund. “Metaversal’s dynamic team and combined curation and investment model give them unique visibility into opportunities within this rapidly growing ecosystem. We are excited to help them shape a vibrant, platform-agnostic strategy.”
https://www.metaversal.gg/metanews/metaversal-series-a-50-million-dollar