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NFT Utility Platform Tropee Raises $5 Million Led by Tioga Capital: Exclusive

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European web3 firm Tioga Capital led a $5.1 million (€5 million) seed investment in NFT utility platform Tropee. 

Crypto founders such as The Sandbox's Sébastien Borget, Exclusible's Thibault Launay, Geometry's Grégoire le Jeune, and Lorens Huculak, founder of the OpenSea-acquired Gem, also participated in the equity round, which closed in August. The startup declined to share its valuation. 

Startups simplifying the process of minting NFTs have been hot property among investors. Haun Ventures and OpenSea recently backed no-code NFT minting platforms Highlight and Fair.xyz, respectively. Rather than tackling the minting process directly, Tropee is focused on the 'post-mint' experience.

(By Tom Matsuda)

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