Richmond, USA-based AI-powered NFT trading startup NeoSwap AI raised USD 2 million in pre-seed financing. The company announced the fundraise on February 24, 2023. Digital Asset Capital Management (DACM) and AngelHub led the financing for the company. Meanwhile, Gossamer Capital, Cavalry Asset Management, Stacks Ventures, Dhuna Ventures, and several angel investors joined in the funding.
The company raises pre-seed financing at a valuation of USD 15 million.
Purpose of financing for NeoSwap AI
NeoSwap AI seeks to revolutionize commerce with its multi-party, multi-item trading platform leveraging artificial intelligence. Besides, the company recently entered into history books with the world’s first Ordinals NFT smart auction, hosting the event for Brian Laughlan, creator of the notable “Satoshibles” NFT project.
Meanwhile, NeoSwap AI has plans to raise a seed round later in 2023.
What the company’s official has to add
Dr John Ennis, CEO and co-founder of NeoSwap AI, said, “NeoSwap is transforming the world economy through personalized, accessible, and efficient trade discovery. We believe the ideas inside NeoSwap will prove as valuable as the steam engine for unlocking latent but previously inaccessible economic value.”
What the investors have to add
Richard Galvin, Co-Founder and CEO of DACM, said, “A key promise of blockchain disruption is to provide the technology for the world’s trading settlement layer. NeoSwap is creating a novel yet compelling use of this settlement layer to enhance liquidity and utility amongst non-fungible assets. NFTs are an exciting first use-case and testing ground, but the end market extends into almost all areas of traditional finance as assets continue to digitize. DACM is excited to start this journey with John and the NeoSwap team.”
About the company
In 2022, Founders Hamza Diaz, Jakub Kwiecien, and Dr John Ennis launched the company. The Virginia, USA-based company operates as a multi-party, multi-item NFT swap platform that redistributes items in a win-win-win manner using minimal currency.
Its proprietary algorithms allow for efficient trade discovery using digital assets and minimal currency, offering a new and more efficient form of commerce compared to traditional centralized methods that require greater liquidity.
Besides the co-founders, the company’s other founding team members include Kieran Parker-Moroney, Chief Strategy Officer, who has a wealth of experience in VC, early-stage tech, and the Web3 space; and Pawel Kurzeja, Chief Operating Officer, ex-IBM.
For more extensive analysis and Market Intelligence reports, feel free to approach us.
We try our best to fact-check and bring well-researched as well as non-plagiarized content to you. Please let us know
if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover
–what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback, and thank you for stopping by!
Next Article
