Coinbase Ventures contributed to a $55m round for music-focused NFT platform developer Royal while neural search technology developer Jina AI raised $30m in an SAP-backed round.
Funding
Royal, the US-headquartered operator of a non-fungible token (NFT) issuing service for musicians, has secured $55m in a series A round featuring Coinbase Ventures, the investment arm of digital currency exchange Coinbase. VC firm Andreessen Horowitz and crypto investment firm Paradigm co-led the round, which included musical artists The Chainsmokers, Nas, Logic and Kygo. It came just two months after Paradigm and Founders Fund co-led a $16m seed round that included Atomic.
Enterprise software producer SAP took part in…
