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§ Private Profile · New York City, NY, USA
Vera is a technology company.
Vera Therapeutics is a clinical-stage biotechnology company developing novel treatments for serious immunological diseases. Its lead product candidate, atacicept, is an investigational B-cell activating factor and proliferation-inducing ligand inhibitor. This therapy targets conditions like IgA Nephropathy (IgAN) and Lupus Nephritis (LN) by modulating specific immunological pathways.
The company was founded in 2016 as Trucode Gene Repair, Inc. by Marshall Fordyce, MD, its current Chief Executive Officer. It rebranded to Vera Therapeutics, Inc. in April 2020. Dr. Fordyce established the company with the insight to translate advanced immunological science into therapeutic solutions for diseases with unmet needs.
Vera Therapeutics serves patients with severe immunological disorders, including IgA Nephropathy and BK virus nephropathy. The company’s vision is to deliver transformative treatments that enhance quality of life for individuals facing these conditions. It strives to lead in therapies for underserved immunological disease areas.
Vera has raised $55.7M across 5 funding rounds.
Vera has raised $55.7M in total across 5 funding rounds.
Vera has raised $55.7M in total across 5 funding rounds.
Vera's investors include Differential Ventures, ATP Ventures, Betaworks, Essence VC, Everywhere Ventures, Greycroft, SaaS Ventures, Animoca Brands, Alpine Ventures, Basis Set Ventures, Collaborative Seed & Growth Partners, Everywhere Ventures (The Fund).
Vera is a decentralized blockchain protocol founded in 2021 that enables financial services for non-fungible tokens (NFTs), including rentals, lending, and mortgages.[1] It allows NFT owners and users to generate revenue streams, reimagine experiences in metaverses and marketplaces, and empower communities, primarily serving the blockchain and NFT sectors with products like Vera Rental for collateralized or non-collateralized NFT borrowing.[1] Operating at the Seed VC stage with $3M raised, Vera targets innovative use cases in Web3 finance but shows a recent Mosaic Score decline of -26 points, indicating potential market challenges.[1]
Vera was founded in 2021 and is headquartered in Dover, Delaware.[1] Specific founder details are not publicly detailed in available sources, but the company emerged during the 2021 NFT and blockchain boom, focusing on unlocking liquidity for illiquid NFT assets through decentralized protocols.[1] Early traction included a $3M Seed VC round shortly after launch, positioning it in expert collections for blockchain technology, with patents filed in areas like cryptography standards—reflecting a technical foundation in secure, scalable NFT finance.[1]
Vera rides the Web3 liquidity trend, addressing the core NFT pain point of illiquidity by enabling rentals and lending amid a maturing blockchain ecosystem post-2021 hype.[1] Timing aligns with growing metaverse adoption and DeFi expansion into real-world assets, where market forces like tokenized ownership and community economies favor protocols unlocking NFT value without sales.[1] It influences the ecosystem by pioneering NFT mortgages and rentals, potentially standardizing financial tools for digital collectibles and fostering developer integrations in blockchain spaces.[1]
Vera's path forward hinges on blockchain's resurgence, with potential growth in NFT utility if metaverses scale and DeFi regulations stabilize—trends like AI-NFT hybrids or institutional adoption could boost its protocol.[1] Challenges include its stagnant funding since the 2021 Seed round and recent Mosaic Score drop, signaling competition from broader DeFi platforms.[1] Evolving influence may see Vera as a niche liquidity enabler, tying back to its core mission of transforming static NFTs into dynamic financial assets for Web3 users.
Vera has raised $55.7M across 5 funding rounds. Most recently, it raised $2.7M Pre-Seed in October 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Oct 11, 2023 | $2.7M Pre Seed | Differential Ventures | ATP Ventures, Betaworks, Essence VC, Everywhere Ventures, Greycroft, SaaS Ventures | Announced |
| Aug 1, 2021 | $3M Seed | Animoca Brands | Alpine Ventures, Basis SET Ventures, Collaborative Seed & Growth Partners, Everywhere Ventures (The Fund), Hayden Simmons, Jenny Fielding, Operate, QED Investors, Scott Hartley, True Wealth Ventures, GBV Capital, Krypital Group, Mozaik Capital, OKX Ventures, Sandbar Investments, Sentor Investments, Shima Capital, SL2 Capital | Announced |
| May 1, 2017 | $15M Series B | Sutter Hill Ventures | Amplify Partners, Andreessen Horowitz, Battery Ventures, Tenaya Capital, BOB Pasker, Capital ONE Ventures, Yair Reem, Leslie Ventures | Announced |
| May 1, 2016 | $21M Series B | — | Amplify Partners, Andreessen Horowitz, Battery Ventures, Sutter Hill Ventures, Tenaya Capital, BOB Pasker | Announced |
| Nov 1, 2014 | $14M Series A | Roger LEE | Amplify Partners, Kleiner Perkins, BOB Pasker, Nick Mehta | Announced |