Zora Gets In on NFT Funding Craze With $8M Raise, SEC Documents Show

It’s the latest NFT marketplace investors are betting on as the mainstream gateway to crypto.

Mar 31, 2021 at 9:23 p.m. UTC
Updated Sep 14, 2021 at 12:34 p.m. UTC

Zora, a marketplace for non-fungible tokens (NFTs), has raised nearly $8 million in equity sales, according to regulatory documents seen by CoinDesk.

The documents show Zora Labs recently completed the funding round with five investors participating. Their identities were not immediately known and it was unclear at press time whether the raise includes October’s $2 million seed round.

Co-creator Jacob Horne, a Coinbase expat, did not return calls. Previous seed investors including streetwear designer Jeff Staple and Coinbase Ventures did not immediately return requests for comment.

Regardless of size, the raise demonstrates the accelerating flood of venture capital into the booming NFT ecosystem.

Dozens of crypto firms are raising millions – sometimes hundreds of millions – of dollars through equity sales. Especially in the NFT space.

Just yesterday, Dapper Labs, the creator of NBA Top Shot, announced a $305 million funding round; SuperRare, a gallery-esque NFT showroom, raised $9 million from Mark Cuban and others.

As for Zora, you can read it here first before the press release goes out.

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Trending

1
First Mover Asia: USDC Hasn’t ‘Flippened’ USDT, but Trader Preferences Are Changing; Cryptos Rise Despite Bearishness

A Glassnode analyst suggests the collapse of the UST token has triggered a change in investors' stablecoin preferences; bitcoin holds above $30,000.

A Glassnode analyst suggests the collapse of the UST token has triggered a change in investors' stablecoin preferences; bitcoin holds above $30,000.

2
Musk Sets New Condition for Twitter, Citi Says Terra’s Fallout Unlikely to Hit Wider Financial System

The most valuable crypto stories for Tuesday, May 17, 2022.

The most valuable crypto stories for Tuesday, May 17, 2022.

3
Market Wrap: Cryptos and Stocks Mixed Amid Bearish Sentiment

BTC is stabilizing around $30K while stock market volatility begins to fade.

BTC is stabilizing around $30K while stock market volatility begins to fade.

4
New Data Shows Underground Bitcoin Mining Thriving in China

The U.S. has also expanded its lead in the global hashrate competition.

The U.S. has also expanded its lead in the global hashrate competition.