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New Deal


Announced

Completed

Velvet Sea Ventures and 01A led a $100m funding round in Pixel Vault.

Financials

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Transaction Value£74m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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NFTs

web3-centric media

Domestic

Single Bidder

Minority

Private

Friendly

United States

Private Equity

Acquisition

Completed

Digital Services

Venture Capital

Synopsis

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Velvet Sea Ventures and 01A led a $100m funding round in Pixel Vault, a web3-centric media company. "I bought 10 PUNKS Comics during the initial public sale and was fascinated by Sean’s unique view at the time that NFTs are the medium, not the product. Intellectual property is the product. And Pixel Vault is building it in close partnership with its engaged community of avid collectors, of which I am a proud token-carrying member," Michael Lazerow, Velvet Sea Partner.

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