The nonfungible token (NFT) platform Autograph, which was co-founded by famed American football quarterback Tom Brady, has completed a USD 170 million fundraising round.
According to a statement released by Autograph on Wednesday, the Series B financing was spearheaded by Kleiner Perkin and Andreessen Horowitz, also known as a16z.
San Francisco-based venture firm 01A, as well as other private crypto investors like Nicole Quinn of Lightspeed Venture Partners, participated in the round.
The funds raised will mostly be used to scale the company’s NFT technology, according to the company. The remainder of the capital, however, will be used to fund a series of futuristic collaborations as the company seeks to increase its user base.
It wasn’t merely an investment arrangement between Autograph and its partners, though. A16z general partner Arianna Simpson, Haun, and Kleiner Perkins partner Ilya Fushman joined the firm’s board of directors as part of the cooperation.
Chris Dixon, another a16z general partner, joined the firm’s board of advisors as part of the agreement.
Autograph hopes that these new additions to the tools team will aid in the mass adoption of NFTs and cryptocurrencies in general.
That’s all from Tom Brady’s Autograph for now. Wrap!
