Autograph, a non-fungible token platform raised $170 million in fresh capital |
The startup,
co-founded by National Football League quarterback Tom Brady last year,
operates an NFT platform that features collections from popular celebrities
across sports, entertainment, and culture.
Athletes Naomi Osaka,
Tiger Woods, Simone Biles, Tony Hawk, and Usain Bolt are among its board of
advisors.
NFTs are digital assets which exist on the
blockchain, a type of digital ledger, and they have exploded in popularity over
the last year with people splurging on artworks and video highlights from
sports games as NFTs.
Los Angeles-based Autograph's latest
capital raise comes six months after its Series A round. It had then raised $35
million at a pre-money valuation of $700 million, according to data from
PitchBook.
Other investors in the Series B round
announced on Wednesday include former Andreessen Horowitz general partner Katie
Haun's new fund, existing investor 01A, and Nicole Quinn, partner at venture
firm Lightspeed Venture Partners.
In July, Autograph entered partnerships
with global content behemoth Lionsgate and digital sports entertainment company
DraftKings. © Reuters