Music, sports, and entertainment VIPs invest $87 million in MoonPay
More than 60 high-profile investors are backing MoonPay’s vision and the transformative potential of Web3.
By Geoffrey Lyons
MoonPay is thrilled to share that more than 60 influential figures and organizations from the worlds of music, sports, media and entertainment have collectively invested $87m in the company.
Named investors include the following (in first name alphabetical order):
Anthony Kiedis of Red Hot Chili Peppers
Ashton Kutcher and Guy Oseary’s Sound Ventures
Austin Rosen’s Electric Feel Ventures
Brent Faiyaz & Jayne Andrews, Ty Baisden
CAA and NEA’s Connect Ventures
Dimitri Vegas & Like Mike
Drake & Adel 'Future' Nur's Dreamcrew
Gwyneth Paltrow & Moj Mahdara’s Kinship Ventures*
Jamil Davis and Matt Bauerschmidt's Revels Group Ventures
Kevin and Rick Yorn's BroadLight Capital
Marc Benioff’s TIME Ventures
Marcy Venture Partners
Palm Tree Crew
Ryan Tedder of OneRepublic
Shawn Mendes, FEWOCiOUS & Andrew Gertler’s AG Ventures
Snoop Dogg & Nick Adler, Karan Wadhera, Champ Medici
Steve Aoki & Matt Colon
The Chainsmokers' Mantis VC
The Weeknd & Amir “Cash” Esmailian
Yara Shahidi, Keri Shahidi, Afshin Shahidi*
Zoe Saldaña* Kinship Ventures LP
Together, these strategic investors represent industries that are poised to be massively transformed by Web3 technology.
“Web3 is radically changing how we think about creative value,” said MoonPay’s co-founder and CEO, Ivan Soto-Wright. “We're on the cusp of a creative crypto renaissance, and our strategic investors are helping to lead that movement. We're honored to work with them to help onboard the world to Web3.”
The funding is part of our historic $555 million Series A financing round, which valued us at $3.4bn and has helped us forge partnerships with leading organizations like OpenSea, Michael Jordan’s “Heir Jordan,” Tom Brady’s Autograph, and FaZe Clan. It has also allowed us to significantly grow our global footprint by launching products such as NFT Checkout, our NFT solution that allows users to purchase an NFT instantly with a credit or debit card, and MoonPay Concierge, which is helping high-profile individuals buy NFTs.
MoonPay wants to bring about a future in which Web3 not only goes mainstream, but is also leveraged by creatives, artists, and athletes to reap the full rewards of their work. Today’s announcement is proof that these industry leaders trust our vision.
For media enquiries, please contact [email protected]