NFT Utility Platform Tropee Raises €5M in Seed Round Led by Tioga Capital

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NFT Utility Platform Tropee Raises €5M in Seed Round Led by Tioga Capital

Quick take:

  • NFT Paris, Rug Radio, G-Star RAW or Christian Lacroix already use Tropee to deliver utilities to their NFT holders.
  • The utilities range from merchandise and events to discounts, whitelists, lotteries and more.
  • Users can also discover, build and collect NFTs.

NFT utility platform Tropee announced today that it has raised €5 million in a seed round led by Tioga Capital.

The round, which closed in August, saw participation from Lorens Huculak, co-head of NFT aggregator Gem, which was acquired by OpenSea; Thibault Launay, CEO and co-founder of Exclusible, which also raised $5 million led by Tioga Capital; The Sandbox co-founder & COO Sébastien Borget; and Grégoire le Jeune.

Tropee helps creators deliver post-mint experiences, also known as utilities, to NFT holders. The platform aims to simplify the process of injecting NFTs with utilities. The new funding will be used to further develop the platform and expand Tropee’s team.

The free-to-use, no-code platform allows creators to choose ready-to-go tools ranging from merchandise and events to discounts, whitelists, sweepstakes, exclusive airdrops, videos and gated links for NFT holders. They can also segment their holders based on NFT characteristics and behavior to deliver the relevant utility to the rights holders.

Founded in May last year, Tropee has already enabled brands such as Frederique Constant, 20 Mint, NFT Paris, Rug Radio, G-Star RAW and Christian Lacroix to build and deliver digital and physical utilities to their NFT holders. liver.

In addition to helping creators deliver utility services, anyone in the NFT community can quickly and easily discover, build, and collect utility NFTs. The platform also offers a dashboard where creators can have an overview of their utility campaigns.

“Tropee aims to be community-based – we are creating the foundation of an ecosystem, focused on utilities, physical and/or digital,” said Guillaume Lestrade, co-founder at Tropee.

François Mahl, co-founder at Tropee added: “We firmly believe that the next phase of the NFT industry will take NFTs beyond ‘just’ being a JPEG or artwork. We are pleased to be at the forefront of this market revolution – helping creators ensure their collection remains dynamic and attractive, and helping holders get more value from their tokens.”

Tropee currently supports Ethereum and Polygon, but is working on adding other blockchains.


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