Letter From The RECUR CEOs: Announcing Our $50M Series A Raise
“The Metaverse is the next frontier, and community and culture will be the driving force.”
The fundraising values the company at $333 million.
Digital an investment platform owned by New York Mets owner Steve Cohen was the lead investor.
Previous investors include Defi Alliance, Courtside VC, Volt Capital, Joe Lubin, The Winklevoss Twins, Gary Vaynerchuk, Scott Belsky, Hashed, Nascent, Delphi Ventures, JST Capital, Divergence, 640 Oxford, IOSG, CMT Digital, David Choi, Jason Derulo, Scott Lewis and Chris Hermida.
Recur has partnered with the artificial intelligence company, Veritone to bring collegiate highlights starting with the PAC-12 to the NFT space on a platform called NFTU.
The deal is the first NFT-Specific licensing contract for any NCAA conference.
“Through provable digital ownership we are able to create a new universe for fans and communities to engage, play and collect. We have teamed up with the largest global IPs to extend fan narratives and storytelling into the metaverse- innovating on the way we forever will be able to interact with our favorite brands, films, sports teams, and characters.”