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    Startup Behind Famous Azuki Collection To Raise $30M in Series A Funding Round

    Chiru Labs, the startup behind the well-known Azuki collection, is planning to raise $30 million in a Series A funding round. The identities of investment funds have yet to be disclosed but according to The Block, after this funding round, Chiru Labs is valued at between 300-400 million USD.

    This news comes just a week after Doodles raised $54 million, valued at $704 million. Earlier in late August, founder behind Moonbrids, PROOF Collective, raised $50 million in a series A round led by a16z. The company behind Bored Ape Yacht Club and ApeCoin (APE) also raised $450 million with the participation of a16z, Coinbase, and Animoca Brands.

    Azuki is an NFT collection of 10,000 generative avatars. These anime NFTs have a pop-cultural flare with an old-style Japanese anesthetic. The Azuki collection has a great variety of traits, with each PFP and character telling its own story.

    According to nftpricefloor data, the floor price of NFT Azuki has increased by 52% within 7 days and increased by nearly 100% within 30 days despite the market remains gloomy and the project itself did not have any updates. 

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