Mintable – the non-fungible tokens (NFT) marketplace backed by billionaire celebrity Mark Cuban – has raised $13 million in a series A funding round from investors, including digital asset issuer Ripple.
- Mintable said the round was oversubscribed. Investors also included Animoca Brands, Metapurse, the NFT investment fund backed by crypt enthusiast MetaKovan, Jon Oringer, the founder and executive chairman of Shutterstock, and Doug Band, a founding partner of investment bank Teneo.
- The funding will be used to scale Mintable's operations and boost its growth and efforts to gain more users.
- Ethereum NFT marketplaces such as Mintable, OpenSea and Rarible are popular for digital collectibles.
- “As the technology continues to mature and the space rapidly evolves, this is a critical company milestone for Mintable and we are thankful for the support from our investors who hold the same shared belief of the many opportunities that NFTs can bring among mainstream users,” CEO Zach Burks said.
- Other investors in the round included Expedia Group, Double Peak Group, 7 O'Clock Capital, 640 Oxford Ventures, Digital Finance Group, Spark Digital Capital, Reimagined Ventures and 840 Venture Partners.
Read more: Twitter Gives Away 140 NFTs Through Rarible
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.