NeoSwap AI, a Richmond company that offers an AI-powered multiperson exchange marketplace for non-fungible tokens, said Friday it closed a $2 million pre-seed round at a valuation of $15 million.
The round was led by New York’s Digital Asset Capital Management and Hong Kong’s AngelHub. Other participating investors include Denver’s Gossamer Capital, San Francisco’s Cavalry Asset Management, New York’s Stacks Ventures, Miami’s Dhuna Ventures and several unnamed angel investors.
NeoSwap said it plans to raise a seed round later this year.
The close of the round follows a Richmond Inno report from October about NeoSwap raising more than $200,000 toward its pre-seed tranche. Founder and CEO John Ennis said at the time his company had raised more but it had yet to appear in federal regulatory filings.
Ennis said in a statement Friday that his company’s platform offers “personalized, accessible and efficient trade discovery” that he believes will “prove as valuable as the steam engine for unlocking latent but previously inaccessible economic value."
The company recently hosted a smart auction for “Satoshibles,” hand-illustrated NFTs created by Brian Laughlan.
NeoSwap was founded in March 2022. It was spun off from Ennis’ other company, Aigora, where Ennis worked as the founder and president from 2019 to 2022. When NeoSwap was founded, several other employees left the AI firm and went to work at NeoSwap.
