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Rye - Undisclosed
Overview
About Rye - Undisclosed
Justin Khan has raised $14 million for his new web3 startup Rye. The fundraising was led by Andreessen Horowitz’s (a16z) web3 venture arm, A16z Crypto. The round also attracted participation from Kan’s venture firm Goat Capital, Solana Ventures, Electric Ant, Electric Feel Ventures, L Catterton, former Tilt founder James Beshara and NBA veterans Andre Iguodala and JaVale McGee.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2009 | 143 | businessplans@a16z.com | ||
| Fund | United States of America | -- | 7 | -- | ||
| Fund | -- | 2021 | 99 | -- | ||
| Fund | United States of America | -- | 9 | -- | ||
| Fund | United States of America | 1989 | 2 | info@catterton.com | ||
| Angel Investor | -- | -- | 3 | -- | ||
| Fund | Unknown | -- | 2 | pitch@electricant.xyz | ||
| Angel Investor | United States of America | -- | 1 | -- |
Founders & Team
Justin Kan
Company Profile / Project Introduction
Rye was founded by Twitch co-founder Justin Kan to create "Spotify for ecommerce." Rye will seek to use crypto tokens to reduce the cost of e-commerce, by providing participants with a cryptocurrency "Rye" (which can be used to pay transaction fees), Rye will provide a one-click application programming interface (API) for merchants to use in Rye's own Display some or all of their products on the market. Rye will also offer product catalogs to developers to embed into their own websites and apps, a big departure from centralized e-commerce players like Amazon and Spotify.