NFT Utility Platform Tropee Raises €5M in Seed Round Led by Tioga Capital

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Quick take:

  • NFT Paris, Rug Radio, G‑Star RAW or Chris­t­ian Lacroix are already using Tropee to deliv­er util­i­ties to their NFT holders.
  • The util­i­ties range from mer­chan­dise and events to dis­counts, whitelists, raf­fles and more.
  • Users can also dis­cov­er, build and col­lect util­i­ty NFTs.

NFT util­i­ty plat­form, Tropee, today announced that it has raised €5 mil­lion in a seed round led by Tio­ga Capital.

The round, which closed in August, saw par­tic­i­pa­tion from Lorens Hucu­lak, co-head of NFT aggre­ga­tor, Gem, which was acquired by OpenSea; Thibault Lau­nay, CEO & co-founder of Exclusi­ble, which also raised $5 mil­lion led by Tio­ga Cap­i­tal; The Sand­box co-founder & COO Sébastien Bor­get; and Gré­goire le Jeune.

Tropee helps cre­ators deliv­er post-mint expe­ri­ences, also known as util­i­ties, to NFT hold­ers. The plat­form aims to sim­pli­fy the process of inject­ing NFTs with util­i­ties. The new fund­ing will be used to fur­ther devel­op the plat­form and expand Tropee’s team.

The free-to-use, no-code plat­form allows cre­ators to select ready-to-go util­i­ties rang­ing from mer­chan­dise and events to dis­counts, whitelists, raf­fles, exclu­sive air­drops, videos and gat­ed links for NFT hold­ers. They can also seg­ment their hold­ers based on NFT attrib­ut­es and behav­iours in order to deliv­er the rel­e­vant util­i­ty to the right holders.

Found­ed in May last year, Tropee has already enabled brands like Fred­erique Con­stant, 20 Mint, NFT Paris, Rug Radio, G‑Star RAW and Chris­t­ian Lacroix to build and deliv­er dig­i­tal and phys­i­cal util­i­ties to their NFT holders. 

Besides help­ing cre­ators deliv­er util­i­ties, any­one in the NFT com­mu­ni­ty can quick­ly and eas­i­ly dis­cov­er, build and col­lect util­i­ty NFTs. The plat­form also pro­vides a dash­board where cre­ators can have an overview of their util­i­ty campaigns.

“Tropee aims to be com­mu­ni­ty-based – we are cre­at­ing the foun­da­tions of an ecosys­tem, focused on util­i­ties, phys­i­cal and/or dig­i­tal,” said Guil­laume Lestrade, co-founder at Tropee.

François Mahl, co-founder at Tropee added: “We firm­ly believe that the next phase of the NFT indus­try will be tak­ing NFTs beyond ‘just’ being a JPEG or piece of art. We’re pleased to be at the fore­front of this mar­ket rev­o­lu­tion – help­ing cre­ators ensure their col­lec­tion remains dynam­ic and attrac­tive, and help­ing hold­ers get more val­ue from their tokens.”

Tropee cur­rent­ly sup­ports Ethereum and Poly­gon but is work­ing on adding oth­er blockchains.

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