Tools For Humanity, the company behind Worldcoin, is reported in talk with investors about raising more capital through the sale of WLD tokens.
According to reporting from The Block, Tools For Humanity is in talk with multiple investors over the past few weeks about a potential over-the-counter sale of WLD. Two people familiar with the process said the company wants to raise up to $50 million, with WLD potentially priced at $1 per token — a significant discount to the prevailing spot price of $2.50. However, another person close to the deal stressed that no terms have been finalized.
FT Partners, the San Francisco-based investment bank focused on the fintech sector, is assisting with the raise, according to a third person familiar with the matter. A fourth person with knowledge of the deal said demand from potential investors had been strong since the token’s launch, adding that standard terms around lock-ups would apply to any further investment in WLD.
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