FinTechFunding

Futures Factory: Raises $2.5M in Seed Funding

Futures Factory Raises $2.5M in Seed Funding

  • Futures Factory, a French marketplace for selling sneakers, raised $2.5m in seed funding
  • The round was led by Seedcamp and Stride with participation comes from the co-founders of Voodoo, Kima Ventures, RTP Global, along with technology, crypto, and fashion angel investors
  • The company intends to use the funds to to build its product between September 2021 and March 2022
  • FuturesFactory is a marketplace for selling sneakers, that merges both the physical and digital worlds through Augmented Reality (AR) and NFTs
  • The startup will also offer a new demand-driven distribution model for footwear brands, allowing them to sell virtual sneakers via NFTs to finance the production of physical ones
  • Its mission is to be the primary sneaker marketplace for both digital and future physical sneakers by 2025
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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