Your Source for Venture Capital and Private Equity Financings

VAULT Receives $4M Series A Round

2023-02-10
NEW YORK, NY, VAULT has raised $4 million in a Series A funding round.
VAULT, the mobile-friendly Digital Music Collectible (DMC) format created by the co-founders of sports betting market leader FanDuel, announced that it has raised $4M in Series A funding following a breakthrough six months in which fans purchased over 3,000 DMCs from FLETCHER, the critically lauded singer-songwriter and fast-rising queer icon, who recently released her acclaimed debut album Girl Of My Dreams.

The Series A round was led by Placeholder VC, a premier investor in decentralized networks, with additional participation from existing investors AlleyCorp, Bullpen Capital, and Everblue Management. The recent funding brings the company's total funding amount to $13M.

Created by the co-founders of sports betting market leader FanDuel, VAULT is the creator of the mobile-friendly Digital Music Collectible (DMC) music format and the VAULT protocol, an open and fully decentralized network for purchasing, playing, and sharing music on third-party apps and websites. DMCs are designed to be the digital version of a box set giving music fans exclusive rich-media experiences that can be purchased, unlocked, and played right on your phone. Like physical box sets fans may buy, lend or resell their DMCs at any time.
(c) by Massinvestor, Inc. For contact info, please check out our about page.
>> Click here for in-depth research on 9,000+ startups and 5,000+ VC investors