Tessera
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Tessera - overview
Established
2021
Location
New York, NY, US
Primary Industry
Financial Services
About
Founded in 2021 by Andy Chorlian (CEO) and based in New York, US, Tessera, fka Fractional, operates a fractional NFT ownership platform that enables NFT liquidity and community building around popular NFTs. In August 2022, Tessera raised USD 20 million in Series A funding led by returning investor Paradigm, with participation from other new investors eGirl Capital, Focus Labs, Uniswap Labs Ventures, and Yunt Capital. As of August 2022, the firm has over 24 employees. The company provides a platform that allows users to buy, mint, and sell fractions of NFTs (Non-Fungible Tokens) rather than full NFTs from the company's NFT collections, which include Cool Cats, CryptoPunks, Bored Ape Yacht Club, and others.
Fractional ownership of NFTs makes them more accessible and affordable to the general public, increasing the number of people who invest in them. The company intends to use the August 2022 funding to expand its business development team.
Current Investors
Robot Ventures, Delphi Ventures, Variant
Primary Industry
Financial Services
Sub Industries
Financial Services, Internet
Website
www.fractional.art
Verticals
Blockchain, FinTech
Company Stage
Series A
Total Amount Raised
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