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A16z Leads $14M Funding Round for New E-Commerce Platform

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  • October 14, 2022
  • E-commerce, Insights

Andreessen Horowitz (a16z), the private venture capital firm, led a $14 million round for Rye, a new e-commerce application programming interface (API) that enables businesses, retailers, and customers to deal openly on a decentralized network with low fees. The funding will be used to expand the product and engineering teams, and to begin the decentralization process. Other investors included Solana Ventures, GOAT CAPITAL, L Catterton, Electric Ant, and Electric Feel.

A16z Leads $14M Funding Round for New E-Commerce Platform From Twitch Co-Founder 

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