Belgium-based Venture Capital firm Tioga Capital and the co-owner of Swiss football club FC Basel Dan Holzmann have recently co-led a €5 million ($5 million) funding round for NFT startup Exclusible. However, CEO Thibault Launay refused to disclose the company’s valuation.
Exclusible, an NFT platform that was just launched last year, works with luxury companies to expand their digital asset offerings. It has some major clients, including Asprey Bugatti, Christian Lacroix, and Louis Moinet.
Exclusible to expand in the U.S.
According to a recent report by The Block, along with the funding news, Exclusible also revealed plans to expand into the United States by acquiring Polycount, a metaverse development studio that has collaborated with fast food giant McDonald’s and the renowned basketball team Utah Jazz.
The acquisition agreement was partly funded with cash and partly with shares, the Lisbon-based startup’s Launay stated. Polycount CEO Michael Potts commented on the recent partnership and funding by stating:
“The Polycount team has established itself as one of the top Metaverse creative solution providers in the world. Exclusible, the leading luxury, best-in-class NFT/Metaverse development, marketing, and management team is the perfect match. The partnership of Exclusible and Polycount will bring together two world class teams knowledgeable, talented, and innovative in the Metaverse, Web 3.0, and XR space.”
According to Launa, one of the ways it intends to use the new funding is to hire expertise to expand the capabilities of its web3 customer relationship management application. This will enable enterprises using the service to recruit customers, promote brand engagement, and access on-chain data and analytics while selling or distributing NFTs, according to a pitch slide supplied by the CEO.
The development comes after many NFT-related firms raised money from investors in the past few months. In June, Solana-based NFT platform Magic Eden secured $130 million funding, as TheCoinRise reported.