CITRIS Foundry alum Reveel raises $1.3M in preseed funding

Earbuds and phone resting on a keyboard.

Reveel, a member of the spring 2020 CITRIS Foundry cohort, has raised $1.3 million in preseed funding, led by Binance Labs and Moment Ventures.

The company, which develops tools to ease revenue sharing and royalty accounting for web3 musicians, was a part of Season Four of Binance Labs’ Incubation Program. The startup plans to use the funding for product development, in addition to expanding its staff.