ScienceMagic.Studios raises $10.3m in pre-seed funding led by Coinbase Ventures
The Web3 advisory joint venture has secured pre-seed backing from Coinbase Ventures, Liberty City Ventures, and Digital Currency Group to scale its operations.
≈ £8.6M at $1 = £0.8326 on 14 Jun 2022
ScienceMagic.Studios is a joint venture that advises brands and talent on digital assets and Web3 strategies.
ScienceMagic.Studios has secured $10.3m in pre-seed funding led by Coinbase Ventures. The newly formed joint venture will use the capital to scale operations and meet high demand from potential partners seeking guidance on digital assets.
The enterprise was formed through a collaboration between ScienceMagic.Inc, macro investor Raoul Pal, and Delphi Digital. Additional backers in the round include Liberty City Ventures, Digital Currency Group, Noam Gottesman, and Alan Howard, alongside a roster of prominent venture capital firms and angel investors.
The company assists brands and creators in formulating Web3 strategies, launching digital assets such as NFTs and social tokens, and managing emerging digital economies.
From the founder
"Digital assets offer huge potential for brands to engage with their communities in a new way, and for talent to realise the true value from their work for the first time. But many brands are just starting to understand this."
David Pemsel
CEO and co-founder at ScienceMagic.Studios
Use of funds
- 01Scale operations
Investors
Categories
About the company
ScienceMagic.Studios
ScienceMagic.Studios helps brands and talent navigate and build within the Web3 ecosystem.