Stockholm-based anotherblock has raised €4 million in a seed funding round.
According to the company, after making “significant strides” in the past year, the new funding will be used to push the company further forward, on a global scale.
Since early 2022 anotherblock has raised a little more than €6 million.
Anotherblock’s €4 million seed round was led by Stride.VC, specifically Partner Gabbi Cahane, with Swedish producer Axwell and Swedish House Mafia participating in the round.
Previous investors in the blockchain-based company include Inventures, J12 Ventures, Swedish House Mafia member Steve Angello, and Dune Analytics co-founder and CEO Fredrik Haga.
anotherblock is an artistic application of an NFT, but it’s not a piece of art. The company offers the potential to cash in on a percentage of royalties.
Anotherblock has cut deals with artists including The Weeknd, Rihanna, Martin Garrix, Alan Walker, Offset, and R3HAB, and now with the seed round funding wants to not only open the floodgates to welcome more artists, but also reach those that would like in on the action beyond those that are familiar and/or comfortable with the crypto space.
