Indonesian Nft Marketplace Raises $5M In Seed Money
11/09/21, 7:38 AM
Money raised
$5 million
Round Type
seed
Paras, an Indonesia-based marketplace for non-fungible tokens (NFTs), raised US$5 million in seed funding through a private round and Initial Dex Offering. Black Dragon Capital, Dragonfly Capital, Moonwhale Capital, Digital Renaissance, and GFS Ventures participated in the round.
Company Info
Additional Info
The company aims to onboard up to 10 projects that will be created on its platform. The firm currently has 13 employees, mostly in the operational and marketing divisions. Founded in 2020 by Rahmat Albariqi and Afiq Shofy Ramadhan, Paras currently has 25,000 registered users and 1,000 verified artists on its platform. Paras will use the new funding to develop crypto-native intellectual property focused on games and comics.