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London Tech Week

Capsule Corp Labs secures €7.3M for creation and development of utility NFTs

Capsule Corp Labs funding
Image credits: Capsule Corp Labs

Capsule Corp Labs, a Paris-based platform specialised in the creation and development of utility NFTs, has secured €7.3 million in a seed round.

Development plans ahead

The investment includes €4.8 million in equity from Omnes Capital (which backed Gourmey and Therapixel), Web3 specialised funds — REVAM and Digital Finance Group (DFG), and French business angels from the Web3 ecosystem, and €2.4 million token sale from Ternoa ($CAPS), the parent company of Capsule Corp Labs.

With the funding, Capsule Corp Labs will be able to widen its scale by strengthening its R&D and expanding its 30-person team.

“We are delighted to have been able to finalise this fundraising with Omnes, a recognised player in the financing of Deep Tech projects requiring significant investments in R&D. In a difficult market context, we will be able to continue to invest in the development of tomorrow’s Web3 infrastructures with our unique value proposition: creating a bridge between Web2 and Web3 architecture”, added Clément Téqui, CEO of Capsule Corp Labs and co-founder of Ternoa.

“Our open-source infrastructure has been operational since April and is open to all developers and entrepreneurs to create the NFT applications of tomorrow. This round of funding by Capsule Corp Labs will help accelerate the development of the Ternoa ecosystem in France and Europe,” said Mickael Canu, CEO of Ternoa.

“Ternoa is one of the very few French Layer-1 blockchains with a real underlying technological asset. With this investment, the Ternoa team will be able to offer Web3 startups ever richer functionalities and become the European blockchain platform of reference,” said Fabien Collangettes, Investment Director at Omnes Capital.

“DFG always has had a strong belief in Ternoa since day 1– its unique open source Layer 1 infrastructure nurtures a bold ecosystem to realise utility NFTs. I’m very positive that under the leadership of Mickael Canu and Clément Téqui, Ternoa and its community will be ahead of the game in no time,” commented James Wo, Founder and CEO of DFG.

Blockchain dedicated to NFTs

Launched in 2022, Capsule Corp Labs is the main integrator of Ternoa, a layer-1 blockchain infrastructure dedicated to creating utility NFTs. Open-source and decentralised, it provides developers with an independent framework to create utility NFTs.

Both a startup studio and a Web3 consulting firm, Capsule Corp Labs’ mission is to help companies of all sizes develop their business model on the Ternoa blockchain. It wants to enable the transition from Web 2.0 to Web3, which can be technologically complex.

Capsule Corp Labs has already helped three NFT startups launch their products, allowing them each to achieve several hundred thousand Euros in revenue. Capsule Corp Labs also leverages specific Ternoa NFT features such as secret content to enhance the experience of an online sports game owned by a leading video game company.

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