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Autograph, the NFT agency co-founded by famed NFL player Tom Brady, has raised $170 million in Series B funding. The company revealed that the round was led by Andreessen Horowitz and Kleiner Perkins, with participation from other well-known names in the field. The funds raised will reportedly help the company’s expansion, with new, undisclosed partnerships in the works.
Autograph raises $170 million
Autograph, the NFT company of NFL star Tom Brady co-launch Last year, there were up Received $170 million in its latest funding round. The Series B was led by two firms: a16z and Kleiner Perkins, with participation from Katie Haun’s new fund and Lightspeed partner Nicole Quinn. It marked a milestone for the startup, which raised $35 million in a Series A round that was valued at $700 million at the time. The company did not disclose its new valuation this time.
The platform’s co-founder Tom Brady is very optimistic about the future of web3 and Autograph.he statement:
Big news from Autograph. We’re excited to add some really knowledgeable people to our team in the Web3 space.
The company’s business includes connecting entertainers, athletes and fans, providing NFT memorabilia, and has successfully attracted many participants to the NFT stage, including Tom Brady, Tiger Woods, Naomi Osaka, The Weeknd, Simone Byers, Tony Hawk and Derek Jeter.
Regarding the company’s performance, A16z General Partner Arianna Simpson said:
Over the past six months, Autograph has truly proven itself to be a rocket ship. Their NFT platform is delivering digital experiences that excite mainstream consumers, not just the crypto community.
expand field of view
In a press release announcing the results of the financing, the company expressed its intention to massively expand its community, noting that to achieve this goal, it has also completed additional partnerships, which will be disclosed shortly.
Last year, the company Announce Entered into an agreement with Draftkings to launch a federated NFT marketplace with the goal of allowing users to own and trade NFTs they acquired through Autograph’s drop. The marketplace uses Polygon (Ethereum scaling sidechains) to complete its operations. This is to help users avoid the high fees that NFT owners often have to pay on Ethereum.
What do you think of Autograph’s latest funding round? Let us know in the comments section below.
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