MoonPay Raises $87M From 60 High-Profile Investors Including Justin Bieber, Maria Sharapova, Bruce Willis

MoonPay raises $87M from 60 high-profile investors

MoonPay has raised $87 million from more than 60 high-profile investors including singer Justin Bieber, rapper Snoop Dogg, tennis player Maria Sharapova and actor Bruce Willis as the role of NFT in content creation and fan engagement expands.

The investments are part of the firm’s Series A round, disclosed in November last year which valued the company at $3.4 billion, MoonPay said on Wednesday.

More than 600 crypto startups have seen over $12.5 billion in venture capital funding so far this year, according to Alex McDougall, managing director at fund manager 3iQ Digital Assets.

MoonPay, which provides payment infrastructure for crypto and NFT transactions, expects content creators to increasingly use NFTs to market their work and engage with fans, chief executive officer Ivan Soto-Wright said.

Other investors in the company include rapper Aubrey Drake Graham and Adel Future Nur’s company Dreamcrew, Gwyneth Paltrow-led Kinship Ventures, Ashton Kutcher, Guy Oseary-backed venture capital firm Sound Ventures, singer Abel Tesfaye, better known as The Weeknd and his manager Amir Esmailian.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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