Tom Brady’s Autograph NFT Agency Gets $170 Million in Series B Funding Round
Autograph, the NFT company co-founded by well-known NFL participant Tom Brady, has raised $170 million in its collection B funding spherical. The firm revealed that the funding spherical was led by Andreessen Horowitz and Kleiner Perkins, with the participation of different notable firms within the area. The funds raised will contribute to the growth of the corporate with new, undisclosed partnerships reportedly on the best way.
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 Series B was led by two firms: a16z and Kleiner Perkins, with the participation of Katie Haun’s new fund and Lightspeed companion Nicole Quinn. This marks a milestone for the startup, which raised $35 million in its Series A funding spherical, reaching a valuation of $700 million at the moment. The firm 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:
Big information on the Autograph entrance. We are pumped so as to add some actually educated individuals within the Web3 house to our staff.
The firm, whose operation consists in being a hyperlink between entertainers, athletes, and followers to supply NFT memorabilia, has already managed to draw plenty of contributors 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, common companion at A16z, said:
Autograph has really proven itself to be a rocketship prior to now six months. Their NFT platform is delivering digital experiences that excite mainstream customers, not simply the crypto group.
Expansion in Sight
In the press launch asserting the outcomes of the funding spherical, the corporate said 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.
Last yr, the corporate announced a cope with 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. This is supposed to assist customers keep away from excessive charges that NFT homeowners usually should pay on Ethereum.
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