Danvas, a Los Angeles, CA-based startup that will bring NFTs and digital art into the real world through a specialized, museum quality display, has launched with the close of a $7m seed funding round.
Backers included Greycroft, Lerer Hippeau, Waverley Capital, Gary Vaynerchuk’s VaynerFund, UTA Ventures, BDMI and angel investors Rich Greenfield and Jason Nazar.
The company intends to use the funds to continue to innovate on its product through increased research and development, support the production of the displays, and finance bringing the displays to market.
Co-Founded by Jeanne Anderson (Danvas CEO and former General Manager of Saatchi Art) and Hernan Lopez (Danvas Chairperson and founder of podcast powerhouse Wondery, recently sold to Amazon), Danvas is advancing screens that will possess a fully dimensional interactive design that brings NFT art to life and will reinforce the authentic ownership of the artwork. Its premium, luxury digital art canvas aims to accelerate the world’s appreciation of digital artists and their artwork, and introduce art collectors to the value, and possibilities of the next wave of digital art.
Commenting on the deal, Gary Vaynerchuk, CEO and Creator of VeeFriends, said: “One of the missing links between the traditional and digital art worlds is display. How can you show your pieces in a way that matches their value and significance? Danvas will bridge that gap by giving collectors a gorgeous and visually-appealing way to proudly display their digital art collection.”
Danvas’ board of advisors will consist of Kristie D’Ambrosio-Correll, Chief Technology Officer at MIRROR and Matthew Siegel, Chief Commercial Officer at Sonos. The full advisory board to be announced closer to launch.
Danvas will launch in Spring 2022.