Rarible raises $14.2 million Round A from Venrock and CoinFund, announces partnership with Flow
Taking the digital creator economy mainstream
Rarible's journey unfolded in one of the strangest times in this generation. Perhaps when needed the most, Rarible was there to allow thousands of digital creators to find new monetization channels and direct ways to interact with communities.
Now we stand at the next frontier of mass adoption: for ALL digital content to go on chain. The next step for NFTs is to become the full-scale intellectual property rights framework for media content.
Just as Rarible has always been at the forefront of the NFT movement, we are determined to pioneer the next wave. On this milestone, we are happy to join efforts with the most respected and value add investors to go beyond the current enclosed crypto environment and take NFTs truly mainstream: Venrock Capital, 01 Advisors and CoinFund.
Pioneering NFT mass adoption in partnership with Flow
To mark this next phase, we are also proud to enter an official partnership with Flow. Dapper Labs has an impressive track record of bringing NFTs mainstream by creating native experiences for non-crypto audiences. As a blockchain, Flow enables easier access and lowers the entry barrier for traditional consumers and brands, which makes it a perfect partner on our journey to the wider adoption.
Backed by the most reputable consumer brands-focused VC firms
Venrock Capital
Originally established as the venture capital arm of the Rockefeller family in 1969, Venrock partners with entrepreneurs to build some of the world's most disruptive, successful companies. With a primary focus on technology and healthcare, portfolio companies have included Apple, Check Point Software, Cloudflare, Dapper Labs, Dollar Shave Club, Gilead, Dataminr, Illumina, Intel, Nest, and 10x Genomics.
01 Advisors
A revenue stage investment fund led by renowned early Twitter executives, former CEO & COO Dick Costolo and Adam Bain, 01 Advisors help startups to move from building great products to building great companies. Previous investments of the firm include Mythical Games and Masterclass.
CoinFund
CoinFund is a blockchain-focused investment firm investing in crypto networks and their key enabling infrastructure. Founded in 2015, CoinFund is partnered with the team at Venrock. CoinFund has formulated a strategy of network lifecycle investing, focusing on funding early-stage companies, engaging in active network participation strategies, and managing digital asset exposure as networks mature. CoinFund team has a five-year track record in the blockchain space, investing across two digital asset focused funds. Its partnership draws on 30+ years of experience in finance, law, engineering, and technology. CoinFund’s mission is to be value-added investors and technical partners to blockchain’s most promising teams.