DNABLOCK Raises $7M in Seed Funding

dnablock

DNABLOCK, a Los Angeles, CA-based company developing tools for creator communities in the new decentralized medium of Web3, closed its second seed round of $7M.

The round was led by Sfermion, Solana Ventures, Animoca Brands, and Non-Fungible Labs, with participation from a diverse group of investors in Web3 including SoftBank Group’s SB Opportunity Fund, LD Capital, Haobo Zhao, CMT Digital, Gaingels, RareBreed, Alumni Ventures, Diverse Angels, Fenwick and West, Figure 8 Investments and Bill Silva. Previous seed round investors include Twitch co-founder Kevin Lin, Mike Shinoda, and Spacecadet Ventures.

The company will use these funds to further scale and deploy REPLIKANT, its flagship technology offering, empowering key partners and creator communities to bring their characters to life and to establish an LA-based creator studio to launch new NFT talent and add several key leadership roles.

Led by co-founder and CEO Anthony Kelani and co-founder and CTO Luc Shurgers, DNABLOCK provides REPLIKANT, which allows distributed teams to create bespoke, high-quality, digital 3D avatars, videos, games and even cinema-quality productions.

With this round, Scott Broock, who was previously Global VR Evangelist for YouTube and EVP of Digital Strategy and Innovation at Illumination, joins Kelani and Schurgers, as Chief Strategy Officer.

FinSMEs

01/03/2022