NFL star’s NFT platform Autograph raises $170m
Tom Brady’s Autograph will use the fresh capital to expand its NFT database
Los Angeles-based NFT platform Autograph has raised $170m (£124m) in a Series B funding round to scale its technology and deliver new digital experiences to crypto users.
The startup, which was co-founded by NFL star Tom Brady in 2021, acts as an intermediary NFT platform between popular celebrities in sports and entertainment and fans looking for unique experiences and digital collectables.
Autograph has a star-studded advisory board, including Tiger Woods, Simone Biles, Naomi Osaka and Usain Bolt, which no doubt helped drive its growing user base.
The firm said it would use the funding to scale its platform while expanding its partnerships with global icons to bring Web3 to the mainstream.
A new generation of users
Launch in mid-2021 by Tom Brady, Autograph has had a busy few months raising capital to expand its platform.
The new round comes just six months after Autograph’s $35m Series A, which pushed the company's pre-money valuation to near $700m, and was led by notable VC firms Andreessen Horowitz (a16z) and Kleiner Perkins.
The new round includes investments from Lightspeed Venture Partners’ Nicole Quinn and former Andreessen Horowitz general partner Katie Haun, as well as a follow-up infusion from 01A.
“Autograph has truly shown itself to be a rocketship in the past six months. Their NFT platform is delivering digital experiences that excite mainstream consumers, not just the crypto community,” said Arianna Simpson, general partner at a16z.
“The team at Autograph is committed to innovation, and partnering with new exciting entities to create collectables and experiences that allow fans to grow closer to icons across verticals,” said Ilya Fushman, partner at Kleiner Perkins.
“I'm excited to join the board of directors and partner with this team at the forefront of the NFT space with a long-term vision that will broaden access to the decentralised technology ecosystem for creators and consumers.”