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Venture Capital
watertowerventures.com

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Investments

23

Portfolio Exits

1

Funds

5

About Watertower Ventures

Watertower Ventures is a seed and early stage venture capital fund actively investing in and supporting entrepreneurs and their companies through a hands-on, service-driven approach.

Watertower Ventures Headquarters Location

Los Angeles, California,

United States

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Latest Watertower Ventures News

Bubblehouse Raises ~9M in Seed Funding; Emerges as Most Sought-After NFT Platform for Mainstream Brands and Creators

May 24, 2022

New York,, New York, UNITED STATES NEW YORK, May 24, 2022 (GLOBE NEWSWIRE) -- Bubblehouse, the first NFT social marketplace, announces ~9M in seed funding led by Cassius Family, joined by Third Kind VC, SV Angel, Kima Ventures, Watertower Ventures and Ocho Capital. The round was supported by prominent angel investors including Steve Aoki and David Guetta, among multiple other celebrities. With this seed funding Bubblehouse will further expand its accessible marketplace and portfolio of partners across brands, art, athletics, hospitality, music, fashion, and influencer categories to establish Bubblehouse as the mainstream platform for creators and collectors to easily enter Web3 and provide value to NFT holders. Additional angel investors include Vivi Nevo, Moonpay co-founder, Ivan Soto-Wright, GoPuff co-founders, Rafael Ilishayev and Yakir Gola, Highsnobiety founder, David Fischer, hospitality mogul, David Grutman, and Sweetgreen CEO, Jonathan Neman. Bubblehouse, the platform making the NFT experience easy and accessible, reports that over 500,000 NFTs have been collected in just two months. Creators and collectors can purchase Bubblehouse NFTs on ETH or Polygon (with more chains to be supported), and notably users do not need crypto expertise to discover, collect, and make money selling digital NFTs because purchases can be made simply via credit card or crypto. “We want to take the NFT experience and make it accessible and valuable for all. Providing a platform where creators and collectors can easily enter Web 3 is key to this broader adoption. We want this new world to be fun, artistic, lucrative, social, and more,” shares co-founder Rohan Sinha. Bubblehouse showcased how accessible and seamlessly the platform can provide brands an opportunity to engage communities with NFTs through its global fashion and hospitality partnerships. By partnering with Groot Hospitality, the leading hospitality group behind iconic Miami hotspots like Swan, Papi Steak, and LIV, Bubblehouse launched the group’s first NFT-exclusive dessert for Komodo Miami, which sold out within minutes with the Nelk Boys promoting it. Bubblehouse also successfully partnered with fashion brands Altuzarra, Markarian, and Vaquera to launch their first NFTs during February New York and Paris Fashion Weeks. Integrating collectable NFT experiences into their shows, Altuzarra, Markarian, and Vaquera surprised guests with limited edition, brand-inspired NFTs available exclusively on Bubblehouse via a special QR code on site. Building on Bubblehouse’s ethos of community, utility, and ease, its fashion and hospitality partnerships are an indicator of the company’s commitment to delivering elevated value and experiences for collectors and future partners, which include top digital artists, NBA players, Tik Tok stars, and fashion brands launching on the platform soon.

Watertower Ventures Investments

23 Investments

Watertower Ventures has made 23 investments. Their latest investment was in Spotter as part of their Unattributed VC on August 8, 2022.

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Watertower Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/30/2022

Unattributed VC

Spotter

$9.34M

Yes

1

6/7/2022

Seed VC - II

Speedlancer

$1.87M

Yes

1

5/24/2022

Seed VC - II

Bubblehouse

$9M

No

2

10/12/2021

Seed VC

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$99M

Subscribe to see more

10

9/28/2021

Seed VC

Subscribe to see more

$99M

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10

Date

8/30/2022

6/7/2022

5/24/2022

10/12/2021

9/28/2021

Round

Unattributed VC

Seed VC - II

Seed VC - II

Seed VC

Seed VC

Company

Spotter

Speedlancer

Bubblehouse

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Amount

$9.34M

$1.87M

$9M

$99M

$99M

New?

Yes

Yes

No

Subscribe to see more

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Co-Investors

Sources

1

1

2

10

10

Watertower Ventures Portfolio Exits

1 Portfolio Exit

Watertower Ventures has 1 portfolio exit. Their latest portfolio exit was Wondery on December 30, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/30/2020

Acquired

$99M

8

Date

12/30/2020

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

8

Watertower Ventures Fund History

5 Fund Histories

Watertower Ventures has 5 funds, including Watertower Ventures Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

8/14/2020

Watertower Ventures Fund II

$50M

1

7/3/2019

Watertower Ventures Early Access SPV I

$99M

10

3/14/2017

Watertower Ventures Fund

$99M

10

Watertower Ventures Early Access Fund II

10

Watertower Ventures Early Access Fund I LP

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Subscribe to see more

10

Closing Date

8/14/2020

7/3/2019

3/14/2017

Fund

Watertower Ventures Fund II

Watertower Ventures Early Access SPV I

Watertower Ventures Fund

Watertower Ventures Early Access Fund II

Watertower Ventures Early Access Fund I LP

Fund Type

Subscribe to see more

Status

Subscribe to see more

Amount

$50M

$99M

$99M

Sources

1

10

10

10

10

Watertower Ventures Team

1 Team Member

Watertower Ventures has 1 team member, including current Managing Partner, Derek L Norton.

Name

Work History

Title

Status

Derek L Norton

Entertainment Media Ventures

Managing Partner

Current

Name

Derek L Norton

Work History

Entertainment Media Ventures

Title

Managing Partner

Status

Current

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