NFT company Recur reaches $333M valuation following Steve Coh
NFT company Recur has seen its valuation swell to $333 million after concluding a successful investment round endorsed by billionaire Steve Cohen’s family office. The Series A raised $50 million, mainly through contributions from the Cohen-backed investment platform Digital, according to a statement. Some of Recur’s previous investors include Hashed, Gemini, CMT Digital, JST Capital and Delphi Ventures. The investment will be used to bootstrap the company’s go-to-market strategy, which includes hiring over 150 people, developing new brand experiences and launching a new NFT platform called NFTU.com. As Cointelegraph reported, Recur raised $5 million in March to address some of the biggest challenges within the NFT market, including how artists get paid.
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- CoinRado.com