Corporate Finance, DeFi, Blockchain, Web3 News
Corporate Finance, Fintech, DeFi, Blockchain, Web 3 News

NFT: Avolta Partners advises RTFKT Studio on its $8m fundraising with a16z

Disclaimer: The text below is a press release that was not written by
Avertissement : Le texte ci-dessous est un communiqué de presse qui n'a pas été rédigé par

NFTs: latest geek fad or actual game-changing way of thinking value?

Avolta Partners is proud to have acted as financial advisor to RTFKT Studio on its $8m growth financing round led by Andreessen Horowitz.

RTFKT Studio is a creator-led organization that uses the latest in NFT, game engines and augmented reality, combined with manufacturing expertise to create one-of-a-kind sneakers and digital artifacts. The company’s latest collaboration with designer Fewocious just sold 600+ pairs of NFT sneakers in 6 minutes, bringing in over $3m.

This $8m growth financing will enable the company to invest in the development of new NFT utilities and boost its physical goods craftsmanship and partnerships for unique experiences.

This deal is further testament to Avolta Partners’ pioneering position in the blockchain ecosystem, after advising FundsDLT on their European fundraising and on their latest ICO.

“We believe NFTs are a transformative medium that is going to be the key to new experiences and the new paradigm between creativity and commerce. We are more than grateful for Avolta Partners' support through this decisive step in building the brand of the future.”
Benoit Pagotto
Co-founder at RTFKT Studio

About Avolta Partners
Paris - London - Brussels - Lisbon - Madrid
With more than 75 deals closed in 6 years, Avolta Partners has proven to be one of the most active M&A boutique in Europe in the Tech Industry. As a result, our team of 20 people has learned how to maximise the value of a deal thanks to a proven methodology and hard-nosed negotiations.

Lundi 10 Mai 2021