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Solana creator platform DRiP raises $8 million💰in seed round

Solana-based creator engagement platform DRiP has raised $8 million in a seed funding round led by NFX, Coinbase Ventures and Progression — a fund started by former TikTok executives.

According to a statement shared with The Block, DRiP's pre-seed lead Placeholder, 6th Man Ventures and over 30 angel investors also participated in the round. A valuation and the structure of the round were not disclosed.

The project stated the fresh capital would be used to accelerate creator onboarding, launch a consumer-facing mobile app, expand the development of creator tools and platform features and boost marketing efforts to attract new users.

https://www.theblock.co/post/315270/solana-drip-raises-8-million-usd

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