Crypto firm MoonPay raises $87 million from Justin Bieber, Maria Sharapova, others

FILE PHOTO: Metropolitan Museum of Art Costume Institute Gala - Met Gala - In America: A Lexicon of Fashion - Arrivals - New York City, U.S. - September 13, 2021. Justin Bieber in La Maison Drew. REUTERS/Mario Anzuoni

(Reuters) - Cryptocurrency payments startup MoonPay has raised $87 million from more than 60 high-profile investors including singer Justin Bieber, rapper Snoop Dogg, tennis player Maria Sharapova and actor Bruce Willis as the role of non-fungible tokens (NFTs) in content creation and fan engagement expands.

The investments are part of the firm's Series A round, disclosed in November last year which valued the company at $3.4 billion, MoonPay said on Wednesday.