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Pinata Raises USD 21.5M Seed Series A Funding

Pinata, an Omaha, NE-based provider of an NFT distribution platform, raised $21.5M in Seed funding.

The Series A was co-led by Greylock and Pantera, and the seed was co-led by Greylock and Offline Ventures. Additional investors include Volt Capital, Opensea, and Alchemy.

The company intends to use the funds to continue investment in their technology infrastructure, and to expand the team.

Co-founded by Kyle Tut (CEO) and Matt Ober (CTO), Pinata provides the media infrastructure for the vast majority of the NFT space, supporting marketplaces, metaverses, web3 apps, and NFT projects across all blockchains.

There platform lets creators build across any blockchain with a suite of tools to manage and serve content with super-fast uploading, streaming, and sharing. With over 200 server locations around the world, its built-in content delivery network (CDN) lets users serve content quickly, and securely. The company’s pinning service supports any form of uploadable content – from videos, images, music, apps, to entire marketplaces – without limits, and tailored to every creator’s preferred style of content.

Pinata’s most recent feature additions include Dedicated Gateways, enabling creators to have custom branded, private IPFS nodes that fetch content quicker than the public network, and Submarining, which allows creators to make any content pinned to Pinata (and shared across blockchains) unlockable. With Submarining, users can share exclusive content with their followers based on parameters such as NFT ownership, time-sensitive, geo-location, and more.

Pinata works with notable companies like Opensea, DraftKings, Protocol Labs, Yuga Labs, Autograph and LooksRare, and users have 120M+ files pinned. Early adopters have used the product to build platforms and web3 projects such as Bueno.Art, DappRadar, Curio, Tokenproof, Sound XYZ and NiftyLit.


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