Crypto firm MoonPay raises $87 mn from Bieber, Sharapova, others

Cryptocurrency payments startup MoonPay has raised $87 million from more than 60 high-profile investors including singer Justin Bieber, rapper Snoop Dogg, tennis player Maria Sharapova and actor Bruce Willis as the role of non-fungible tokens (NFTs) in content creation and fan engagement expands.
 

The investments are part of the firm's Series A round, disclosed in November last year, which valued the company at $3.4 billion, MoonPay said on Wednesday.
 

More than 600 crypto startups have seen over $12.5 billion in venture capital funding so far this year, according to Alex McDougall, managing director at fund manager 3iQ Digital Assets.
 

MoonPay,