Salesforce Ventures Dominates $6M NFT Data Funding Round

Key Points:

• Salesforce Ventures led a $6M seed extension round for crypto data platform Mnemonic. Polygon Ventures, Orange DAO, FIN Capital and FJ Labs also participated in the raise.
• Mnemonic provides a wide range of crypto data including NFTs, NFT marketplaces and specific wallets containing NFTs, and will now expand the suite of APIs.
• Mnemonic has added support for Polygon and Optimism, with continued support for Coinbase’s Base testnet when it transitions to mainnet.

Salesforce Ventures, a San Francisco-based tool used by businesses to manage interactions with their customers, make sales and undergo marketing efforts, recently led a $6 million seed extension round for crypto data platform Mnemonic.

The funding round was also participated in by Polygon Ventures, Orange DAO, FIN Capital and FJ Labs.

According to Laura Rowson, senior associate at Salesforce Ventures, there has been a growing interest from enterprises who want to understand and tap into Web3 to build trusted digital communities, and turn relevant data into actionable insights. This is why Salesforce recently launched support for “enterprise ready” AI services.

Mnemonic, the crypto data platform, provides a range of data through APIs, including data on NFTs, NFT marketplaces, and specific wallets containing NFTs. The funding raised through this seed extension round will be used to expand the platform’s suite of APIs, allowing Mnemonic to provide more detailed and relevant data to its users.

Mnemonic has also added support for Polygon and Optimism, and has recently added support for Coinbase’s Base testnet, built using the Optimism technology stack. Mnemonic will continue to support Coinbase’s Base testnet as it transitions to mainnet.

Mnemonic previously raised $4 million in a seed round from Kenetic Capital, Monochrome Capital, Sound Ventures, and Tribe Capital in December 2021. With the new funding raised through the seed extension round, Mnemonic will be able to expand its offerings and continue to provide valuable data to its users.

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