announcing Seed financing of $7.8 million led by Dragonfly

Published:December 19, 2022

By:Revel launches its social collectibles platform on the Apple App Store and Google Play Store

December 19, 2022

For Immediate Release

Los Angeles, CA combines the fun of social media self-expression with the trading opportunities of a marketplace. raised $7.8 million in Seed financing to expand the product offerings in the visual AI, web3, and social spheres.

The financing is led by Dragonfly with participation from USVSfermion6th Man VenturesGaingelsWagmi VenturesAlumni VenturesGlobal Impact VenturesHansa LabsPolygon and others.

“Dragonfly is excited to support Revel. Today digital collectibles are primarily issued in controlled rollouts by artists and brands. But what happens when you allow ordinary people to issue digital collectibles, and to become collectors of the smaller creators they love?

The team brings years of experience in both consumer media and blockchain realms and a proven ability to scale to tens of millions of users.

The next crop of winning companies will be those who successfully bridged web2 users into web3. We are excited to work with Adi and his team to chart new frontiers in what media will look like when consumers own it directly.”

-Haseeb Qureshi, Managing Partner @ Dragonfly

“Think of as a cross between Instagram and Robinhood, wrapped in social game economics. Personal media asset ownership, shared between creators and their followers will drive the next generation of social networks; People connect with people by collecting their digital media.

That is a very powerful construct and opens the door for new value propositions, not only for creators, but for their followers, who now have a stake in the communities they participate in.”

-Adi Sideman, CEO

AI Text-to-Art recently announced a partnership with Stability AI becoming the first social platform to launch generative AI authoring for consumers with Stability AI. This new functionality gives users a new way to create collectibles with just their imagination.

Examples of community members using generative AI to create assets on Revel:

About is a social collectibles platform. With, users mint their personal media and build communities around shared assets. Revel is led by a team of serial entrepreneurs with proven success in consumer media and backed by marquee investors including Dragonfly, USV, Sfermion and 6th Man Ventures. The app is available on both the iOS App Store and the Google Play store. press contact: [email protected]

About Dragonfly

Dragonfly is a leading global, crypto-focused investment firm that partners with crypto founders in all stages of development, from seed to series D, to liquid tokens. With a global team of over 40 professionals, Dragonfly focuses on working closely with founders to solve their most pertinent problems on tech, product and go to market. For more information, visit

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