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NFT marketplace Rarible closes $14M fundraising round led by CoinFund

Published 06/23/2021, 04:06 PM
Updated 06/23/2021, 05:40 PM
NFT marketplace Rarible closes $14M fundraising round led by CoinFund

Major venture capital firms responsible for crypto investments have led the latest $14.2 million fundraising round for Rarible, the online marketplace behind many nonfungible token listings.

In a Wednesday announcement, Rarible said crypto investment group Coinfund and Venrock — the venture capital arm of the Rockefeller family — had led a $14.2 million Series A fundraising round for the nonfungible token, or NFT, platform. Rarible said it will use the funds to hire new team members. Other participants in the fundraising round include 01 Advisors.

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