Packz Secures $10.7M Funding From Makers Fund And Others In Collectibles Market

Packz, a gamified collectibles platform, has raised $10.7M in total funding from Makers Fund, The Raine Group, Courtside Ventures, RiverPark Ventures, Sharp Alpha, and executives at DraftKings Inc. In just six months, the NYC-based team has grown from selling its first pack to facilitating ~$8.1M in packs opened last month, with thousands of rare trading cards delivered to collectors. Operating with a small, fully in-person team, Packz emphasizes fast decision-making and end-to-end ownership for every team member. INVESTORS: Makers Fund, The Raine Group, Courtside Ventures, RiverPark Ventures & Sharp Alpha AMOUNT: $10,700,000 HQ: New York #VentureCapital #Packz #TradedVC

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Factory Raises $200 Million Funding Round Led By Blackstone And Sequoia Capital At $5 Billion ValuationFactory, an AI coding agent startup founded in 2023 by Matan Grinberg and Eno Reyes, raised $200 million in a funding round that more than tripled its valuation to $5 billion. The San Francisco-based company, led by co-founder and CEO Matan Grinberg, develops AI agents that help enterprise engineering teams build, test and maintain software. The round was backed by Blackstone, Khosla Ventures, Sequoia Capital, Insight Partners, Evantic Capital and Sound Ventures, among others, following a $150 million raise at a $1.5 billion valuation in April. FOUNDERS: Matan Grinberg & Eno Reyes INVESTORS: Blackstone, Khosla Ventures, Sequoia Capital, Insight Partners, Evantic Capital & Sound Ventures AMOUNT: $200,000,000 VALUATION: $5,000,000,000 HQ: San Francisco, California #VentureCapital #Factory #MatanGrinberg #EnoReyes #TradedVC