# NFTfi Genesis

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nftfi-genesis

- Industry: Financial Services
- Headquarters: Tortola, British Virgin Islands
- Website: https://nftfi.com/
- Total disclosed funding: $12M
- Latest round: Series A (Mar 11, 2024)
- Investors on record: 17

## About

Based in Tortola, British Virgin Island, and founded in 2017 by CEO Stephen Young, NFTfi Genesis Ltd. operates as a developer of a digital platform that allows users to use their non-fungible tokens assets as collateral for a loan, or offer loans to other users. In March 2024, NFTfi Genesis Ltd. raised USD 6 million in Series A funding led by Placeholder Capital, with participation from Kahuna Ventures, Brevan Howard Capital Management, and more. 

NFTfi Genesis Ltd. developed a fintech platform, that provides digital loan services where users can borrow cryptocurrencies such as wETH, USDC, or DAI by listing their NFTs as collateral. The company’s platform allows lenders to offer loans with fixed terms, and if the borrower repays the loan, the NFT is returned to them. The firm’s platform that leverages smart contact technology operates as non-custodial and decentralized marketplace, offering a secure and transparent environment for both borrowers and lenders to interact.

## Funding rounds

- Series A, Mar 11, 2024, $6M — Brevan Howard, Kahuna Ventures, A Capital Partners, Reciprocal Ventures, Placeholder, Cypher Capital, Maven11 Capital, Bloccelerate VC, The LAO, LongHash Ventures
- Series A, Nov 16, 2021, $5M — Kleiner Perkins, Sound Ventures, Reciprocal Ventures, Scalar Capital, 1kx Ventures, Maven11 Capital
- Seed, Feb 25, 2021, $0.9M — Animoca Brands Corporation Limited, 1kx Ventures, Maven11 Capital, The LAO, Collab+Currency Management, CoinFund Management

## Investors

- Animoca Brands Corporation Limited — Seed
- 1kx Ventures (https://capitalatlas.ai/funds/1kx-ventures) — Seed, Series A
- Maven11 Capital (https://capitalatlas.ai/funds/maven11-capital) — Seed, Series A
- The LAO (https://capitalatlas.ai/funds/the-lao) — Seed, Series A
- Collab+Currency Management (https://capitalatlas.ai/funds/collab-currency-management) — Seed
- CoinFund Management (https://capitalatlas.ai/funds/coinfund-management) — Seed
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series A
- Sound Ventures (https://capitalatlas.ai/funds/sound-ventures) — Series A
- Reciprocal Ventures (https://capitalatlas.ai/funds/reciprocal-ventures) — Series A
- Scalar Capital — Series A
- Brevan Howard — Series A
- Kahuna Ventures — Series A
- A Capital Partners (https://capitalatlas.ai/funds/a-capital-partners) — Series A
- Placeholder (https://capitalatlas.ai/funds/placeholder) — Series A
- Cypher Capital (https://capitalatlas.ai/funds/cypher-capital) — Series A
- Bloccelerate VC (https://capitalatlas.ai/funds/bloccelerate-vc) — Series A
- LongHash Ventures (https://capitalatlas.ai/funds/longhash-ventures) — Series A