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Venture Capital News: ClubNFT Lands $3M Seed Round

2021-10-28
FRAMINGHAM, MA, ClubNFT announced $3 million in seed funding today.
ClubNFT, the company building next-generation infrastructure solutions to discover, protect and share non-fungible tokens (NFTs) for digital artwork, announced $3M in seed funding; its official company launch; and its first solution, which will allow collectors to safeguard their NFT investments by downloading the media associated with all their NFTs in a single click. The company is headed by CEO/Co-Founder Jason Bailey, NFT Thought Leader, Collector and Founder of Artnome; CTO/Co-Founder Chris King, formerly of Google; and CFO/COO Danielle King, the former Manager of Painting and Sculpture at MoMA.

Recognizing the tremendous opportunities in providing infrastructure solutions for the NFT space, several investors joined the $3M seed round, co-led by Galaxy Digital and Galaxy Interactive, with participation from Red Swan Ventures, CMT Digital, Sfermion, Draper Dragon, Richard Entrup, and other angel investors. To date, the company has raised $3.875 million, including previous funding from Motown Capital and Bharat Krymo.

ClubNFT is building the next generation of tools for NFT collectors, including search, analysis, backup, recovery, appraisal, and curation - all integrated with and complementary to existing NFT marketplaces. The company's initial product is a free solution enabling collectors to quickly and easily download and store their digital art files to wherever they see fit. Without backing up the media files associated with their NFTs, collectors run the risk of losing the full value of their investments.
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