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Vault - Series A
Overview
Funding Date
February 9, 2023
Financing amount
$4M
Valuation
$42M
Subcategory
About Vault - Series A
Vault, a music platform built with web3 technology, raised a $4 million Series A led by Placeholder VC. Alleycorp, Bullpen Capital and family office Everblue Management also took part in the round that valued the startup at $42 million pre-money, Part of the funding will be used to scale up its own proprietary protocol, which will be opened up to allow third parties to support the Vault format.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2007 | 3 | -- | ||
| Fund | United States of America | 2010 | 2 | -- | ||
| Fund | -- | -- | 4 | -- |
Founders & Team
Rob Jones
Nigel Eccles
Company Profile / Project Introduction
Vaults are places where creators can post exclusive content, — music, videos, photos, messages, VIP invitations, and more — that can only be unlocked by the holders of a key. The VAULT platform makes it easy for a creator to build their vault and sell keys that are fully tradable NFTs. When a fan buys a key, they get access to all the content in the vault (unless, of course, they sell the key).
The VAULT founders grew their previous company, the fantasy sports platform FanDuel, into a multi-billion-dollar business by understanding the power of engaged communities. Backed by top-tier VCs, they are now bringing the same community-focused approach to the creator economy.