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Shibuya - Undisclosed
Overview
Funding Date
December 8, 2022
Financing amount
$6.9M
Valuation
$50M
Subcategory
About Shibuya - Undisclosed
Shibuya, announced it has raised a $6.9 million funding round led by venture capital firms a16z Crypto and Variant. The round, which also attracted celebrity investors like Paris Hilton and Kevin Durant, values the company at $50 million. Other investors in Shibuya include Alibaba cofounder Joe Tsai, and Stani Kulechov, the founder of DeFi trading platform Aave.
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 | 2020 | 51 | info@variant.fund | ||
| Angel Investor | United States of America | -- | 8 | -- | ||
| Angel Investor | United States of America | -- | 5 | -- | ||
| Angel Investor | Canada | -- | 1 | -- | ||
| Angel Investor | United Kingdom | -- | 54 | -- |
Founders & Team
Emily Yang
Maciej Kuciara
Jacky Wang
Giff Huang
Alex Reichert
Company Profile / Project Introduction
Shibuya named after the crossing in Tokyo, Shibuya is a place where cultures and ideas meet. Shibuya is a web3 content studio and creator platform.
Unlike traditional streaming platforms, Shibuya is built with decentralization as a priority and uses blockchain technology to securely distribute and monetize content. They want to build a range of tools and resources to help creators produce high-quality content, and provide them with direct access to their audiences. This can empower creators to build deep connections with their fans and create a loyal following that helps drive the growth of the platform. NFTs provide a new business model for content monetization, and Shibuya aims to fill a gap in the market for long-form content monetization using web3 technology.