#Venice
🚀 Venice AI became a “unicorn”: $65 million in investments and the $VVV token took off
The Venice AI project, which positions itself as a private and uncensored alternative to ChatGPT, has officially closed its first round of external financing (Series A).
📈 Key figures of the round:
Raised: $65 million.
Company valuation: $1,000,000,000 ($1 billion) — Venice is now an official “unicorn”.
Who invested: Dragonfly (round leaders), Coinbase Ventures, North Island Ventures, Archetype and others.
⚙️ Details of the deal for investors:
Investors received an 8.98% stake in the company’s capital.
They were also allocated a grant for 1.5 million VVV tokens with a vesting period.
The deal includes warrants to purchase another 5 million $VVV over the next 8 years. If they are fully exercised, the company will raise an additional $66.5 million (up to $131 million in total).
🪙 What about the $VVV token and the issue?
Against the backdrop of the news, the native VVV token has shown solid growth:
The price jumped by about 9–12%, locally testing the $15 mark (currently trading around $13.35).
Daily trading volume soared by 250%, exceeding $83 million.
Important update: Venice AI announced a reduction in the annual issuance of VVV to 3 million tokens per year. All of them will go exclusively to rewards for stakers.
🚀 Venice AI became a “unicorn”: $65 million in investments and the $VVV token took off
The Venice AI project, which positions itself as a private and uncensored alternative to ChatGPT, has officially closed its first round of external financing (Series A).
📈 Key figures of the round:
Raised: $65 million.
Company valuation: $1,000,000,000 ($1 billion) — Venice is now an official “unicorn”.
Who invested: Dragonfly (round leaders), Coinbase Ventures, North Island Ventures, Archetype and others.
⚙️ Details of the deal for investors:
Investors received an 8.98% stake in the company’s capital.
They were also allocated a grant for 1.5 million VVV tokens with a vesting period.
The deal includes warrants to purchase another 5 million $VVV over the next 8 years. If they are fully exercised, the company will raise an additional $66.5 million (up to $131 million in total).
🪙 What about the $VVV token and the issue?
Against the backdrop of the news, the native VVV token has shown solid growth:
The price jumped by about 9–12%, locally testing the $15 mark (currently trading around $13.35).
Daily trading volume soared by 250%, exceeding $83 million.
Important update: Venice AI announced a reduction in the annual issuance of VVV to 3 million tokens per year. All of them will go exclusively to rewards for stakers.