Venly (formerly Arkane Network), an NFT management platform with a wallet solution and a peer-to-peer NFT marketplace, announced that it has raised € 500,000 from blockchain investment firm Tioga Capital.
The new funds will help Venly build its engineering team and expand its customer base. This financing comes weeks after Venly raised € 1,550,000 in a seed round under the direction of the High-Tech Gründerfonds (HTGF).
Tioga Capital, founded in 2020, specializes in financing blockchain projects. Tioga joins the Flemish investment company PMV as the first Belgian shareholder; who in the first round provided the financing as a firm creditor of Venly’s added value in blockchain technology.
“A key factor in driving this new virtual economy is NFT technology. To power this new economy, the complexity of the blockchain needs to be abstracted from the user experience. This is where Venly comes in. Venly is a B2B-focused service provider that offers (game) developers a range of products that allow them to easily get started with blockchain technology (NFT); without requiring blockchain knowledge. The Venly team, serial entrepreneurs who have been active in the blockchain since 2016; have a good understanding of this area and are well positioned to build a world class company. “
– Patrick Van de Mosselaer, founder of Tioga Capital
The Polygon-based Venly NFT Market now supports Avalanche and soon also Binance Smart Chain plus Hedera. In the Venly market, users can then trade NFTs in a fully compliant environment.