Press Release January 14, 2022

Metaversal Raises $50 Million in Series A Round Co-Led by CoinFund and Foxhaven

The Private Equity and Digital Currency & Blockchain Technology teams advised Metaversal Ventures, Inc. on its $50 million Series A financing round. The round was co-led by CoinFund and Foxhaven Asset Management. The financing highlights how the metaverse ecosystem is rapidly scaling to support a vibrant creator economy.

Metaversal is an innovative holding company that co-produces and invests in iconic NFT projects and technology that unlocks the open metaverse. Metaversal has acquired over 750 NFTs from a variety of artists, developers, and producers.

Following this round, Metaversal is excited to bring new projects to life on Flow, Rarible, and other platforms. The newly raised capital will be used to fund further acquisitions of iconic NFTs for Metaversal’s growing portfolio, underwrite essential businesses that enable the open Metaverse to thrive, and support Metaversal’s venture studio projects.

The Goodwin team was led by Matthew Gruenberg and Tal Maman, with support from Karen Ubell and Jonathan Scott.

For more details, read the press release and article in Law360.