Amsterdam-based Authic Labs, an NFT marketplace for creators built on the Ethereum blockchain, announced on Tuesday, January 17, that it has raised funding in a pre-seed round from Rockstart and Graduate Entrepreneur. The amount of funding has not been disclosed.
Authic Labs says it will use the funds to scale its operations and tech team, and increase marketing and advertising campaigns while enhancing product offerings.
Lemar Bachtiar, co-founder and CFO of Authic Labs, says, “I am particularly proud of our team for the resilience they have shown during the fundraising process. It was tough at times, but we never gave up. We kept pushing forward, knowing that our ideas and passion would eventually win. We are excited to continue to push the boundaries of web3 technology and bring new, innovative solutions to the market.”
Authic Labs: What you need to know
Founded by Lemar Bachtiar, Tat Nguyen, and Wouter Kloosterman, Authic Labs aims to make Web3 accessible for all organisations and change how they engage with their clients.