# NiftyApes

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/niftyapes

- Industry: Financial Services
- Headquarters: Boulder, US
- Website: www.niftyapes.money
- Total disclosed funding: $4.2M
- Latest round: Seed (Nov 1, 2022)
- Investors on record: 7

## About

Founded in 2021 by Zach Herring (COO) and Kevin Seagraves (CEO), and based in Colorado, Canada, NiftyApes operates as a fintech company that allows instant liquidity against their NFT (non-fungible tokens) collections. In November 2022, NiftyApes raised USD 4.2 million in seed funding co-led by FinTech Collective and Variant, with participation from Coinbase Ventures, Flamingo DAO, LLC, Polygon, Robot Ventures, and The LAO I, LLC.

NiftyApes is a system of smart contracts that uses a decentralized protocol to issue debt to collectors on any NFT or collection, providing them with instant liquidity against NFT papers as collateral. The platform also provides auto-refinancing, protects liquidity from fragmentation, and provides a marketplace for users to borrow and lend against NFTs.

The company intends to use the November 2022 funding for business expansion and its team.

## Funding rounds

- Seed, Nov 1, 2022, $4.2M — FinTech Collective, Coinbase Ventures, Robot Ventures, Variant, The LAO, Flamingo DAO, LLC, Polygon

## Investors

- FinTech Collective (https://capitalatlas.ai/funds/fintech-collective) — Seed
- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- Robot Ventures (https://capitalatlas.ai/funds/robot-ventures) — Seed
- Variant (https://capitalatlas.ai/funds/variant) — Seed
- The LAO (https://capitalatlas.ai/funds/the-lao) — Seed
- Flamingo DAO, LLC — Seed
- Polygon — Seed