Baxus Secures $5M to Scale Marketplace for Collectible Spirits

Baxus Raises $5M in Seed Funding

Key Highlights:

• Seed Funding: Baxus, a global marketplace for collectible spirits, secured $5 million in seed funding.
• Investors: Multicoin Capital led the round, with participation from Solana Ventures, Narwhal Ventures, FJ Labs, and high-profile angel investors.
• Market Expansion: The funding will be used to scale Baxus' sensor and vaulting technologies and meet the growing demand from retail and institutional investors in the collectible spirits market.

Baxus' Target Market

• Collectors and Institutions: Baxus provides a secure marketplace for collectors and institutions to trade wine and spirits.
• Global Reach: Baxus serves a global market of collectors and institutions interested in collectible spirits.
• Blockchain Technology: Leveraging blockchain technology, Baxus ensures transparency, authentication, storage, and trading of collectible spirits.

What Baxus Needs to Buy

• Technology Scaling: Investments in sensor and vaulting technologies to enhance security and scalability.
• Marketplace Infrastructure: Development and maintenance of the marketplace platform to support increased trading volume and user demand.
• Data Integration: Integration of BoozApp's inventory and data into the marketplace to provide collectors with enhanced visibility and valuation of their collections.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.