# Rarible

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

- Industry: Software
- Headquarters: Wilmington, US
- Website: www.rarible.com
- Total disclosed funding: $16M
- Latest round: Series A (Jun 23, 2021)
- Investors on record: 6

## About

Rarible Inc. is a pioneering NFT marketplace that connects creators, collectors, and traders, facilitating seamless transactions in the digital collectible space, while fostering community-driven engagement and innovation.Rarible Inc. provides a marketplace for non-fungible tokens (NFTs) where users can buy, sell, and create unique digital assets. Founded by Alexander Salnikov, Alexei Falin, and Ilya Komolkin, the company is headquartered in Wilmington, US. The CEO is Alexei Falin. In June 2021, Rarible raised USD 14.2 mn in Series A funding, co-led by Venrock and CoinFund Management, with participation from 01 Advisors. This funding round marks the total amount raised by the company at USD 14.2 mn.Rarible offers an innovative NFT marketplace known as RaribleFUN, designed for advanced collectors, traders, and creators within the burgeoning digital collectible space. This platform is built on the MegaETH testnet, providing users with a high-speed, community-driven experience for trading non-fungible tokens. Rarible's offerings include the NFT Launchpad for Eclipse, which facilitates the creation and distribution of unique digital collectibles, such as the Hot Wheels NFTs. The marketplace is also home to various exclusive collections and collaborations, including those with McFarlane Toys and partnerships celebrating events like Hispanic Heritage Month. Rarible serves a global clientele, catering to users interested in digital art, collectibles, and unique sports memorabilia across multiple geographical markets, engaging communities from North America to Europe and beyond.Rarible generates revenue primarily through transaction fees associated with the buying and selling of NFTs on its platform. Users engage in transactions by listing their digital collectibles for sale, while buyers purchase these assets directly through the marketplace. The platform operates with a zero-fee structure for certain collections, enhancing its appeal to both creators and collectors. Rarible may also explore revenue through partnerships and collaborations with brands, allowing for unique offerings that drive user engagement and sales. The business model supports a direct-to-consumer approach, enabling individual users to participate in the NFT economy seamlessly while accessing a diverse array of digital products and services.In June 2021, Rarible Inc. raised USD 14.2 mn in Series A funding to support its expansion plans. The company aims to launch the Rarible NFT protocol and an L2 solution for scalability and sustainability. Future initiatives also include the introduction of credit card payments, adoption of the Flow blockchain, and a range of new partnerships and drops. Rarible is focusing on expanding its operations and audience reach, with specific plans to enter new geographic markets by the end of 2023.

## Funding rounds

- Series A, Jun 23, 2021, $14M — Venrock, 01A, CoinFund Management
- Seed, Feb 3, 2021, $1.8M — Coinbase Ventures, 1kx Management, CoinFund Management, ParaFi Capital

## Investors

- Coinbase Ventures (https://capitalatlas.ai/funds/coinbase-ventures) — Seed
- 1kx Management — Seed
- CoinFund Management (https://capitalatlas.ai/funds/coinfund-management) — Seed, Series A
- ParaFi Capital (https://capitalatlas.ai/funds/parafi-capital) — Seed
- Venrock (https://capitalatlas.ai/funds/venrock) — Series A
- 01A (https://capitalatlas.ai/funds/01a) — Series A