Taboo successfully raises $10M in high-value deal, valued at $250M
The media platform has exhibited significant performance, which attracted the deal; Taboo is now valued at $250 million
Blockchain technology has gained widespread adoption globally. Over the years, numerous firms from different niche industries have adopted the technology. According to the latest data from adult entertainment and media platform Taboo, the firm has successfully raised $10 million. The fundraising currently values the firm at $250 million.
A private family office spearheaded by a former senior executive from JP Morgan has taken the lead in an investment that will contribute funds towards various aspects of Taboo’s operations. The raised capital will support the company’s growth, improve its products, enhance security measures, implement effective marketing strategies, and potentially pursue acquisitions.
The latest funding will help Taboo considerably expand and strengthen its global position. Speaking about the deal, the private office spokesperson commented on the media platform and its approach, “We are excited to partner with TABOO and support its growth in the adult entertainment industry…. We see tremendous value in the platform and the doors it will open for TABOO to get listed on all top exchanges and create a global legacy.”
Taboo’s content production and distribution strategy has garnered significant attention, leading to the platform attracting nearly 50,000 on-chain holders. The company has exhibited consistent growth and achieved an impressive market capitalization of $600 million during its peak.