Tech Company Financing Transactions
Props Funding Round
On 5/1/2020, Props raised $2 million in funding from Borderless Capital, Union Square Ventures and CoinFund.
Transaction Overview
Company Name
Announced On
5/1/2020
Transaction Type
Venture Equity
Amount
$2,000,000
Round
Undisclosed
Investors
Borderless Capital (Lead Investor)
Union Square Ventures (Lead Investor)
Proceeds Purpose
The company intends to use the capital to scale its user network through integrations by additional consumer apps, and to evolve its infrastructure, including a transition of its PropsChain to the Algorand blockchain, an open-source, permissionless, pure proof-of-stake blockchain protocol.
Company Information
Company Status
Private & Independent
Industry
Digital Media & VR & AR
Mailing Address
25 West 36th St. 11th Floor
New York, NY 10018
USA
New York, NY 10018
USA
Phone
Undisclosed
Website
Email Address
Overview
Props (Token:PROPS) is developing the first many-to-many video infrastructure, enabling VOD, video chat, linear or premium content, multi-user live streaming and more. Creators and developers drive user engagement, and get rewarded in PROPS.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Technical Officer
Peter Watts
Co-Founder
Yonatan Sela
Co-Founder
Adi Sideman
VP - Engineering
Jonathan Achai
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Where The Data Comes From
Our team works diligently to document all VC transactions involving tech companies. VC investment data records reported here are sourced from company press releases and news coverage. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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