NeoSwap AI, a Richmond, VA-based AI-powered NFT trading startup, raised $2 million in its pre-seed investment round at a $15 million valuation.
The round was led by Digital Asset Capital Management (DACM) and AngelHub, with participation from Gossamer Capital, Cavalry Asset Management, Stacks Ventures, Dhuna Ventures, and several angel investors.
With the support of its investors, NeoSwap will continue building and offering a more personalized and accessible trading experience for all.
"NeoSwap is transforming the world economy through personalized, accessible, and efficient trade discovery," said Dr. John Ennis, CEO and co-founder of NeoSwap AI "We believe the ideas inside NeoSwap will prove as valuable as the steam engine for unlocking latent but previously inaccessible economic value."
NeoSwap AI seeks to revolutionize commerce with its multi-party, multi-item trading platform powered by artificial intelligence. Its proprietary algorithms allow for efficient trade discovery using digital assets and minimal currency, offering a new and more efficient form of commerce compared to traditional centralized methods that require greater liquidity.
The company also recently made history with the world's first Ordinals NFT smart auction, hosting the event for Brian Laughlan, creator of the notable "Satoshibles" NFT project.
Company: NeoSwap, Inc.
Round: pre-Seed Round
Funding Month: February 2023
Lead Investors: Digital Asset Capital Management (DACM) and AngelHub
Additional Investors: Gossamer Capital, Cavalry Asset Management, Stacks Ventures, and Dhuna Ventures
Company Website: https://neoswap.ai/
Software Category: AI-powered Commerce
About the Company: Founded by Dr. John Ennis, Kuba Kwiecien, and Hamza Diaz, NeoSwap is a multi-party, multi-item NFT swap platform. It provides neo-barter solutions to unlock value within existing marketplaces and enable marketplaces where they were previously unsustainable. NoeSwap allows multiple parties to come and create incredible multi-way trades and has the power to unleash liquidity in the NFT markets in an unprecedented way. NeoSwap believes that liquidity is a centralized bottleneck that can be avoided by intelligently reassigning ownership of assets and currency. NeoSwap’s vision is of a new, more sustainable form of commerce in which historically illiquid assets move as freely as cash.