Recur, a US-headquartered digital token technology developer backed by proprietary trading firm Capital Markets Trading (CMT), secured $50m yesterday in a series A round led by investment platform Digital.
Founded earlier this year, Recur is developing an operating system which will facilitate the creation of branded platforms where users can collect and trade non-fungible tokens (NFTs).
The company did not reveal the other participants in the round, which valued it at $333m. The deal followed $5m in seed funding in March from investors including CMT’s blockchain and crypto-focused investment arm, CMT Digital, and Hashed, an affiliate of automotive component producer Wanxiang.
Defi Alliance, Courtside VC, JST Capital, Delphi Digital, Volt Capital, Nascent, Gemini and angel investors Gary Vaynerchuk, Joseph Lubin and Scott Belsky also took part in the March round.
Recur also named Divergence, 640 Oxford, IOSG and private investors David Choi, Jason Derulo, Scott Lewis and Chris Hermida as past backers this week.
