Pinata, an Omaha, Nebraska-based leading media management company for the creators and developers building the future of web3, announced that it raised $21.5 million in Seed + Series A funding. Closed $18 million in Series A and $3.5 million seed round in 2021.
Series A was co-led by Greylock and Pantera, and the seed round was co-led by Greylock and Offline Ventures. Other investors include Volt Capital, OpenSea, and Alchemy.
Pinata uses this new round of funding to continue investment in its technology infrastructure and to grow its team.
Company: Pinata Technologies, Inc.
Raised: $21.5M
Round: Seed and Series A
Funding Month: Aug 2022
Lead Investors: Greylock, Pantera, and Offline Ventures
Additional Investors: Volt Capital, OpenSea and Alchemy
Company Website: https://www.pinata.cloud/
Software Category: NFT-focused media distribution platform
About the Company: Pinata operates an NFT-focused media distribution platform. It provides media infrastructure and support for NFT marketplaces, metaverses, web3 apps, and other crypto projects. It allows users to manage, share and monetize their media on any blockchain like Ethereum, Solana, Polygon, Avalanche, and Algorand. Pinata's mission is to build the most accessible NFT platform for creatives to manage, share and monetize their media. Pinata has over 240,000 creators worldwide who use Pinata to build marketplaces, metaverses, dapps, and NFT projects across all blockchains. Pinata is a fully remote team made up of bright, kind individuals spanning over 7 different countries in North America, Europe, and South America. The firm was founded in 2018 and is based in Omaha, Nebraska.
Source: https://www.pinata.cloud/blog/funding-announcement https://techcrunch.com/2022/08/09/pinata-raised-21-5m-to-scale-nft-media-infrastructure/