Entertainment NFT Firm Orange Comet Raises $7M in Equity Round


28 February 2023 20:40, UTC


Studying time: ~2 m

Orange Comet, a Web3 startup centered on non-fungible tokens (NFTs) and metaverse experiences for the leisure business, has raised $7 million in an fairness funding spherical that included a mixture of present and new buyers, a spokesperson informed CoinDesk. The corporate expects to launch a bigger capital spherical later this 12 months.

The funding spherical was revealed in a Feb. 23 submitting with the U.S. Securities and Alternate Fee (SEC), which confirmed that Orange Comet had raised $7,243,539 of a $20 million goal by means of a sale of fairness and securities.

Los Angeles-based Orange Comet creates expertise and content material that create Web3 ecosystems in gaming, digital collectibles and different experiences constructed round notable entertainment-related mental properties. Previous partnerships have included actor Anthony Hopkins, Nationwide Basketball Affiliation (NBA) Corridor of Famer Scottie Pippen, and the hit tv present “The Strolling Lifeless.”

“Orange Comet is creating unprecedented ecosystems and driving fan engagement in methods by no means imagined on the planet of Web3,” mentioned president Will Meris in an emailed assertion to CoinDesk. “This financing will assist us execute on various necessary and thrilling initiatives, as we proceed to ship new expertise and dynamic content material to the market.”

Orange Comet was co-founded in 2021 by tv and movie producer Dave Broome, Nationwide Soccer League (NFL) Corridor of Famer Kurt Warner, and musicians Gloria and Emilio Estefan.

Learn extra: Hoops Legend Scottie Pippen Shoots a ‘Web3’ With Digital Sneakers

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