# reNFT

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

- Industry: Software
- Headquarters: US
- Website: https://www.renft.io/
- Total disclosed funding: $1.5M
- Latest round: Seed (Oct 8, 2021)
- Investors on record: 9

## About

Based in the US, reNFT is a developer of digital asset management solutions, specializing in secure handling of non-fungible tokens (NFTs) and other digital assets for a diverse user base.reNFT offers a platform designed for the management of digital assets, including NFTs. Founded by Nick Vale, the company raised USD 1.5 mn in a Seed round on October 8, 2021, led by Animoca Brands Corporation Limited, with participation from various investors. The company is headquartered in the US.Renft.io specializes in providing innovative solutions tailored for the digital asset management sector. The core product offerings include a platform that facilitates secure, efficient management of non-fungible tokens (NFTs) and other digital assets. This service addresses challenges related to the storage, transfer, and valuation of digital assets, catering to a diverse clientele that includes artists, collectors, and digital marketplaces. The platform’s functionalities allow users to authenticate ownership, track provenance, and engage in seamless transactions, particularly valuable in the rapidly evolving NFT space. Renft.io operates within key geographical markets including North America, Europe, and parts of Asia, ensuring accessibility to a global audience interested in the burgeoning world of digital collectibles and assets.The revenue generation model for Renft.io is primarily driven by subscription-based services and transaction fees associated with trading digital assets. Clients engage with the platform through various pricing tiers, providing access to different levels of functionality and support. Users may subscribe to basic plans offering essential features, while premium plans include advanced tools for analytics and enhanced transaction capabilities. Additionally, the platform enables B2B partnerships with digital marketplaces, creating a structured transaction framework beneficial for both the company and its partners. This revenue structure aligns with the growing demand for digital asset management solutions, ensuring sustainable business growth within its operational landscape.Following the Seed funding of USD 1.5 mn obtained on October 8, 2021, reNFT plans to enhance community benefits associated with token ownership, allowing owners to monetize these benefits without selling their underlying assets. The funding will support initiatives aimed at expanding their product offerings and improving platform functionalities. In the near future, reNFT aims to introduce new features that enhance user experience and extend its reach into additional markets, targeting expansion efforts in Asia and Europe by the end of 2023.

## Funding rounds

- Seed, Oct 8, 2021, $1.5M — Animoca Brands Corporation Limited, Fedora Pharmaceuticals Inc., Scalar Capital, Play Ventures, MetaCartel Ventures, LongHash Ventures, SkyVision Capital, Lattice Capital, Maeve Ventures

## Investors

- Animoca Brands Corporation Limited — Seed
- Fedora Pharmaceuticals Inc. — Seed
- Scalar Capital — Seed
- Play Ventures (https://capitalatlas.ai/funds/play-ventures) — Seed
- MetaCartel Ventures (https://capitalatlas.ai/funds/metacartel-ventures) — Seed
- LongHash Ventures (https://capitalatlas.ai/funds/longhash-ventures) — Seed
- SkyVision Capital (https://capitalatlas.ai/funds/skyvision-capital) — Seed
- Lattice Capital (https://capitalatlas.ai/funds/lattice-capital) — Seed
- Maeve Ventures (https://capitalatlas.ai/funds/maeve-ventures) — Seed