Back
August 3, 2023
Read Time
News
Futureverse Co-Founders Launch $50M Fund & Venture Studio “Born Ready"
New fund launched with focus on accelerating the development and adoption of emerging technology ventures that hold strategic collaboration potential with Futureverse or The Root Network.
New fund launched with focus on accelerating the development and adoption of emerging technology ventures that hold strategic collaboration potential with Futureverse or The Root Network.
Table of Contents

Overview

Futureverse Co-Founders, Shara Senderoff and Aaron McDonald, announce today the launch of Born Ready, a new $50 million venture fund and studio. The fund's primary focus is to accelerate the development and adoption of emerging technology ventures that hold strategic collaboration potential with Futureverse or The Root Network.

"We're incredibly excited to officially announce our Born Ready venture fund, as we seek out visionary developers and forward-thinking leaders building the future of the internet," said Shara Senderoff and Aaron McDonald, co-founders of Born Ready.

Born Ready has already made investments in a variety of companies, including former head of Adidas' Yeezy Innovation Lab's high-tech sneaker startup, FCTRY Lab, Power'd Digital, Polemos, Walker Labs and more.

Experienced and respected multi-hyphen venture capitalist-operator-entrepreneurs Senderoff and McDonald co-founded Futureverse together, along with Daniel Gillespie and Marco Brondani who also join Born Ready as partners. Futureverse is a leading AI and metaverse technology and content company that recently announced a $54 million Series A funding round led by 10T Holdings, including contribution from Ripple Labs. By rolling up 11 metaverse infrastructure and content companies into one collaborative ecosystem, Futureverse delivers the essential components for constructing any metaverse application, while maintaining one of the world's largest digital collectible communities.

In the last year, Futureverse has formed global strategic partnerships with renowned organizations and innovators including Wimbledon, FIFA, Authentic Brands Group (ABG), Mastercard, Death Row Records, Wētā Workshop, Snoop Dogg, Timbaland, Keanu Reeves and Alexandra Grant. Futureverse recently announced a strategic partnership with blue-chip NFT collection Cool Cats, integrating the iconic Cool Cats brand with Futureverse's cutting-edge technology while Senderoff and McDonald became members of the Cool Cats' Board of Directors.

Senderoff and McDonald have been investing in the web3 and blockchain space for over six years. Shara previously co-founded Raised in Space, a blockchain focused investment fund, in partnership with music-mogul Scooter Braun and blockchain leader Ripple. Through Raised In Space, Shara led investments in over 20 early-stage blockchain startups including a seed investment in Altered State Machine, a decentralized AI protocol that was an integral component of the Futureverse roll-up.

Known for her visionary strategy and foresight both technically and creatively, Shara has commanded attention and praise across the entertainment industry throughout her career in film & TV, digital media and technology. She has been named one of Forbes' "30 under 30," Rolling Stone's "Future 25," Fast Company's "100 Most Creative People in Business," and a member of Billboard's "40 Under 40" and esteemed "Women In Music." Shara sits on the board of the leading data activation, curation and identity platform, Audigent.

Meanwhile, Aaron was the Co-Founder and Managing Director of NetX Fund, which invested in over 60 portfolio companies with a thesis that the next generation of successful companies will be built on fundamentally different technology. Aaron was also a cofounder, board member, and director of Centrality, one of NZ's fastest growing technology companies that recently folded into Futureverse. Prior to Centrality, his career includes 20 years in technology as an engineer, product developer, and business leader with portfolios worth over $1b. Aaron was named Ernst & Young EY Technology Entrepreneur of the Year and is an active board member of Power Finance and Med Recruit.

Latest Articles

Zerpmon launches on The Root Network

Zerpmon, the creature-collecting and battling-style digital TCG, is now live on The Root Network.

The Journey to Substrate v1.0.0

The Root Network just got a powerful upgrade—enhanced speed, security, and efficiency.

Girin Labs Secures Funding from XRP Ledger Japan and Korea Fund

First funding approved from new Ripple backed fund to accelerate Girin Labs’ development of an XRPL-focused wallet, and protocol for DeFi services on The Root Network.

Related Articles

Catalyze and Born Ready VC Launch $10M Ecosystem Fund

The Catalyze Futureverse Ecosystem Fund plans to invest in startups exploring new possibilities in the fields of web3, metaverse, and Artificial Intelligence (AI), built on The Root Network and supported by Futureverse.

Evolving ASM: The Metaverse AI Protocol

Futureverse’s new paper outlines plans to amplify and expand the role of AI in their vision for the open metaverse.

Futureverse Base Camp Accelerator Program First Cohort Announced

Selected startups are dedicated to advancing the open metaverse, focusing on scalable and interoperable apps, as well as AI, games and experiences.

‘The Root Network’ and ‘ROOT’ are trademarks licensed by CNZFV Ltd. This website is licensed and operated by CNZFV Ltd on behalf of The Root Network community. The contents and opinions of this website do not necessarily reflect the opinions of CNZFV Ltd. This website may include links to projects, dApps and third-party services etc., and CNZFV does not warrant that the information available from these is true, correct, complete or up-to-date (or similar) or accept responsibility for anything in connection to them. By using or accessing this website (or similar) you expressly waive any claim for any loss, damage or cost that you may incur from using or accessing this website or by using or accessing links to projects, dApps and third-party services etc available on this website.