Tom Brady's NFT platform Autograph raises $170M to scale operations

The nonfungible token marketplace Autograph co-founded by Super Bowl champion Tom Brady has announced it closed on a $170 million funding round.

In a Wednesday announcement, Autograph said Andreessen Horowitz, or a16z, and VC firm Kleiner Perkin co-led the $170-million Series B round with contributions from crypto investor Katie Haun’s firm, Nicole Quinn of Lightspeed Venture Partners, and San Francisco-based venture firm 01A. The company said it planned to use the funds to scale its NFT technology and hinted at a series of partnerships aimed at expanding its user base.

In addition to the funding round, Haun, a16z general partner Arianna Simpson, and Kleiner Perkins partner Ilya Fushman will join Autograph’s board of directors, with a16z general partner Chris Dixon joining the firm’s board of advisors. According to the new members, Autograph will continue to aim for mainstream adoption of cryptocurrencies and NFTs.

Big news on the @Autograph front. We are pumped to add some really knowledgeable people in the Web3 space to our team. This thread from @cdixon includes some great context on our business. #ToTheMoon https://t.co/Xsmws3KQ05

Since its launch in August 2021, Autograph has partnered with major names in sports and entertainment, often for NFT collections. In December, Brady dropped a series of ​​digital collectibles representing moments from his football career including cleats and a jersey from the NFL combine. The marketplace also features NFTs from tennis star Naomi Osaka, skateboarder Tony Hawk, and others.

Related: Touchdown! Goal! Knockout! Crypto and sports collide in 2021

Andreessen Horowitz has been behind some of the biggest funding rounds for crypto and blockchain projects as well as its own crypto-focused funds dedicated to expanding the size and marketability of blockchain projects. The firm’s portfolio includes Coinbase, Compound, Maker, and many others.

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