Dapper Labs' valuation has reached an astonishing 7.5 billion dollars, marking a significant milestone in the company's journey.
This valuation is a testament to the company's innovative approach to blockchain technology and its ability to create engaging experiences for users.
In 2021, Dapper Labs raised 305 million dollars in a funding round led by Andreessen Horowitz, which further solidified the company's position in the market.
The company's success can be attributed to its flagship product, NBA Top Shot, which has gained immense popularity among basketball fans and collectors alike.
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Dapper Labs Valuation $7.5 Billion Valuation Achieved
Dapper Labs has achieved a valuation of $7.5 billion after securing a new funding round of $250 million.
This is a significant spike from its previous valuation of $2 billion, which was reportedly achieved in a previous funding round.
Dapper Labs is the NFT development studio behind popular NFT series like Crypto Kitties and NBA Top Shot.
The company is using the Flow blockchain to power its next-generation blockchain experiences.
Dapper Labs will use the new funding to scale and support major brand-driven sports, entertainment, and music-based products coming online.
The funding round was led by Coatue Ventures, with participation from other notable investors like Andreessen Horowitz, GV, and Version One Ventures.
The new valuation is a testament to Dapper Labs' strong leadership and vision under CEO Roham Gharegozlou.
The company's NBA Top Shot project has generated almost $100 million in NFT sales since its launch in October 2020.
The project is now the most popular nonfungible token (NFT) series by volume.
$250 Million Raised
Dapper Labs is reportedly raising $250 million at a valuation of $2 billion. This new funding is a significant milestone for the Vancouver-based studio.
The initial tranche of new bridge financing aims to raise up to $50 million. Dapper Labs has yet to announce the financing and investors participating in the new round.
Dapper Labs uses the power of play to deliver blockchain-based experiences in the real world. They started with collecting and breeding digital at CryptoKitties, the world's most successful blockchain game.
The NBA Top Shot project has become the most popular nonfungible token (NFT) series by volume, generating almost $100 million in NFT sales after being launched in October 2020.
Dapper Labs has secured $250 million in funding, which has taken its valuation to $7.5 billion. This is a roughly $5 billion spike from its previous valuation.
The funding round was led by Coatue Ventures, with participation from other investors including Andreessen Horowitz, GV, and Version One Ventures. New investors like BOND and GIC also joined the round.
Consider reading: Seed round Valuation
Frequently Asked Questions
Is Dapper Labs publicly traded?
No, Dapper Labs is not publicly traded, but accredited investors can purchase its stock through private marketplaces like Hiive.
Sources
- https://boardroom.tv/dapper-labs-la-liga-valuation/
- https://www.sportico.com/business/tech/2021/dapper-labs-valuation-7-billion-top-shot-1234640429/
- https://www.ledgerinsights.com/why-is-nba-topshot-creator-dapper-labs-raising-more-funds-at-7-5-billion-valuation/
- https://techcouver.com/2021/02/18/dapper-labs-raising-250-million-at-2-billion-valuation/
- https://bitcoinworld.co.in/dapper-labs-records-hitting-7-5-billion-valuation-after-securing-250-million-funding/
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