Venly (previously Arkane Network), an NFT management platform with a wallet solution and peer-to-peer NFT marketplace, announced it has raised €500,000 from blockchain investment firm, Tioga Capital.
The new funds will support Venly in building its engineer team and growing its client base. This funding comes weeks after Venly raised €1,550,000 in a seed round led by High-Tech Gründerfonds (HTGF).
Tioga Capital, founded in 2020 is specialized in funding blockchain projects. Tioga is, as the first Belgian shareholder, joining the Flemish investment company PMV; who provided funding during the first round as a firm believer of Venly’s added value in blockchain technology.
“A key enabler to drive this new virtual economy is the NFT technology. In order to power this new economy, the blockchain complexity needs to be abstracted away from the user experience. This is where Venly comes in. Venly is a B2B focused service provider that offers a suite of products to (game) developers which allows them to easily start using blockchain technology (NFT); without requiring any blockchain knowledge. The Venly team, serial entrepreneurs that are active in blockchain since 2016; have a good understanding of this space, and are well positioned to build a world class company.”
– Patrick Van de Mosselaer, Founder of Tioga Capital
The Venly NFT Market, built on Polygon is now supporting Avalanche and soon Binance Smart Chain plus Hedera. On the Venly market, users can then trade NFTs in a fully compliant environment.