Bankless · Friday, July 3, 2026
Venice AI has secured $65 million in a Series A funding round led by Dragonfly, achieving a valuation of over $1 billion. The funding round involved a hybrid equity and token structure, with investors receiving equity and a vesting grant of VVV tokens. Venice AI aims to uphold constitutional amendments related to AI interaction.
“So valuation of Venice now north of $1 billion. At $1 billion. Okay, at $1 billion. This was on the back of a raise that was announced? So what happened here? $65 million raised Series A led by Dragonfly along with North Island Ventures, Coinbase Ventures, Morgan Creek for Venice.”
“We are going to use this capital to uphold the first and fourth amendments to the Constitution as they relate to mankind's interaction with AI.”
“To raise such capital, this $65 million, we could have either sold some of Venice's treasury of VVV directly to the market or sold equity. We chose the latter.”