Social Marketplace Hug Raises $5M Seed Round Led By Digital, Okx Ventures, To Build Creator-First Commerce For Artists
Amount Raised
$5 Million
Round Type
Seed
New YorkE CommerceMarketplaceBlockchainMusicArtInvestors
Description
HUG, a social marketplace that connects digital art and NFT creators with current and prospective collectors, announced today the closing of a $5M round of seed funding led by DIGITAL, a Web3 investment fund founded by Mark Daniel and Benjamin Milstein (aka OhhShiny), whose portfolio includes leading Web3 startups Yuga Labs, Dapper Labs, Recur, MoonPay, and more. OKX Ventures, the investment arm of OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, also participated in the round.
Quick answer
HUG raised $5 Million in a Seed round, dated April 12, 2023. Investors: Aa Sons, Samara, Cryptology, Jae Holdings, Venrex, OKX Ventures, Moon Pay and Recur. HUG is based in New York, United States.
- How much did HUG raise?
- HUG raised $5 Million in a Seed round on April 12, 2023.
- Who invested in HUG?
- Aa Sons, Samara, Cryptology, Jae Holdings, Venrex, OKX Ventures, Moon Pay and Recur are named as investors in this round.
- What does HUG do?
- HUG, founded by Randi Zuckerberg and Debbie Soon, is committed to embracing Web3 creators and building a more diverse and inclusive ecosystem.
- Where is HUG based and how big is it?
- HUG is based in New York, United States.
- Who are the decision-makers at HUG?
- Fundz holds 1 contact at HUG. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in E Commerce and Marketplace around the same time
Companies in the same sectors as HUG that raised within 45 days of this round, from Fundz verified event records.
- Amboss Technologies raised $4M (Seed) on April 25, 2023.
- Nayms raised an undisclosed amount (Funding Round) on April 20, 2023.
- Yield Exchange raised an undisclosed amount (Pre-Seed) on April 18, 2023.
- Equipme raised $3.8M (Seed) on April 17, 2023.
- Drink Monday, Inc raised $3M (Seed) on April 13, 2023.
- Nsure.com raised an undisclosed amount (Corporate Round) on April 11, 2023.
Who to call at HUG, and when
A new round usually means HUG is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day HUG raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at HUG, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at HUG. With Fundz connected, it knows.
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Fundz sees it the moment HUG raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
HUG raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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