Over 60 Celebrities Poured $87M in MoonPay's Series A Funding Round

Crypto payments infrastructure firm MoonPay received $87 million from an array of celebrities as part of its $555 million Series A round.

• More than 60 figures from the worlds of sport, music and entertainment have invested in the firm, MoonPay announced on Wednesday.
• The Miami-headquartered startup received a $3.4 billion valuation after closing its Series A funding round last November. The investment was led by Coatue and Tiger Global Management.
• The celebrities now known to have joined the round included Ashton Kutcher, Justin Bieber, Gwyneth Paltrow, Maria Sharapova, Gal Gadot, Diplo, The Weeknd, Drake, Matthew McConaughey, Snoop Dogg, Bruce Willis and Paris Hilton.
• Several of these celebrities such as Snoop Dogg and Hilton are already known for their interest in the crypto industry, specifically through their investments in non-fungible tokens (NFTs).
• MoonPay has previously acted as a kind of "concierge" for NFT purchases on behalf of several of its celebrity investors, including Snoop Dogg, Hilton, Paltrow and Diplo.
• The firm provides payment infrastructure to let people exchange fiat currencies and crypto using all traditional payment methods, such as debit and credit cards, Apple Pay and Google Pay.

Read more: MoonPay, Startup Known for Celeb NFT Buys, Adds Obama-Era Money Laundering Watchdog