# Tessera

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

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.fractional.art
- Total disclosed funding: $22M
- Latest round: Series A (Mar 16, 2022)
- Investors on record: 10

## About

Founded in 2021 by Andy Chorlian (CEO) and based in New York, US, Tessera, fka Fractional, operates a fractional NFT ownership platform that enables NFT liquidity and community building around popular NFTs. In August 2022, Tessera raised USD 20 million in Series A funding led by returning investor Paradigm, with participation from other new investors eGirl Capital, Focus Labs, Uniswap Labs Ventures, and Yunt Capital. As of August 2022, the firm has over 24 employees.

The company provides a platform that allows users to buy, mint, and sell fractions of NFTs (Non-Fungible Tokens) rather than full NFTs from the company's NFT collections, which include Cool Cats, CryptoPunks, Bored Ape Yacht Club, and others. Fractional ownership of NFTs makes them more accessible and affordable to the general public, increasing the number of people who invest in them.

The company intends to use the August 2022 funding to expand its business development team.

## Funding rounds

- Series A, Mar 16, 2022, $16M — Focus Labs, Paradigm, Yunt Capital, eGirl Capital, Uniswap Labs Ventures
- Seed, Aug 5, 2021, $6.3M — Delphi Ventures, Robot Ventures, Variant, Paradigm, Divergence Ventures, Flamingo DAO, LLC

## Investors

- Delphi Ventures (https://capitalatlas.ai/funds/delphi-ventures) — Seed
- Robot Ventures (https://capitalatlas.ai/funds/robot-ventures) — Seed
- Variant (https://capitalatlas.ai/funds/variant) — Seed
- Paradigm (https://capitalatlas.ai/funds/paradigm) — Seed, Series A
- Divergence Ventures (https://capitalatlas.ai/funds/divergence-ventures) — Seed
- Flamingo DAO, LLC — Seed
- Focus Labs — Series A
- Yunt Capital (https://capitalatlas.ai/funds/yunt-capital) — Series A
- eGirl Capital (https://capitalatlas.ai/funds/egirl-capital) — Series A
- Uniswap Labs Ventures (https://capitalatlas.ai/funds/uniswap-labs-ventures) — Series A