NFT trading market NeoSwap completes $202,500 pre-seed funding round

2022-10-13 10:59:38

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ChainCatcher news, according to a report by bizjournals, disclosed in a filing with the U.S. Securities and Exchange Commission that the NFT trading market raised $202,500 in a pre-seed funding round, with participation from Gossamer Capital. The funds will be used to pay existing employees' salaries and to hire new staff.

According to the documents, the company aims to raise $900,000, but its founder and CEO John Ennis revealed that the actual amount raised will be higher, although he did not provide a specific figure. John Ennis also stated that the initial funding plan was to raise $500,000 in the pre-seed round and $3 million in the seed round.

It is reported that NeoSwap was established in March of this year, spun off from Aigora. NeoSwap primarily helps users group and reallocate ownership of NFTs and currencies, encouraging more people to participate in NFT exchanges, but the platform has not yet determined a monetization model. (bizjournals)

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NFT NeoSwap investment and financing

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