Announcing our $1.6M Seed Round — Led by HackVC
Today we’re proud to announce that we’ve officially closed our $1.6M seed round. This round was led by Hack VC, with participation from dao5, Rana Capital, Selini Capital, West Ham Capital, Motus Capital, and strategic angels.
Huge thank you to The Block for covering this raise announcement. You can read their full write-up here.
“We’re proud to support the imgnAI team at this key stage in their journey,” said Roshun Patel, Partner at Hack VC. “imgnAI blends a user-friendly consumer AI product with powerful tools, promoting an enjoyable creative loop for artists of all skill levels. Added crypto-native and social features round out imgnAI as a contender to capture attention at the intersection of art, crypto, and AI.”
The raise follows a year of active development at imgnAI. Since our launch in December 2022, we’ve made countless product updates and grown a global user base for Nai across Telegram, Discord, and our Web App.
This raise allows us to onboard in-house server capacity, accelerate product development, and significantly expand marketing efforts. This is especially important as we prepare for the launch paid Premium tiers and Naifu, our digital companion product.
Naifu offers high-performance chat and image response, and is designed to responsibly support greater creative freedom compared to current web2 companion products. With Naifu, we aim to disrupt the digital companion space and establish imgnAI as the premiere AI platform for freedom and fun.
“We’re beyond excited to have investors we respect and admire supporting our long-term vision,” said Thelema, Co-Founder and CEO at imgnAI. “Our goal is to create products that support freedom and fun, while onboarding the next generation of crypto-native users. With this round closed, we’re in a better position than ever to accelerate catgirl research and bring imgnAI to the world.”
For more information, check out imgnAI.com and follow us on X.
Update: May 21, 2024
Token Sale: 78,000,000 $imgnAI
Vesting Terms: 24 month linear vesting with 6 month cliff beginning on November 21, 2023. Tokens distributed monthly, with first distribution reflecting 6 months of vesting.
