Dapper Labs to raise up to US $50M in new bridge financing

CPE News (2/14/2020) – Dapper Labs has closed an initial tranche of new bridge financing aiming to raise up to US $50 million. The company has yet to announce the financing and investors participating in the new round.

In August 2020, Dapper Labs raised US $13.4 million in a tranched bridge round of financing from Coinbase Ventures, Distributed Global, Valor Capital Group, A.Capital, BlockTower Capital, Blockchange Ventures, EONXI Ventures, Reed Company, Greenfield One, North Island Ventures, Republic Labs, L1 Digital AG, Pirata Capital, Samsung NEXT, Andreessen Horowitz’s Cultural Leadership Fund, Union Square Ventures, Venrock, Accomplice, Animoca Brands, AppWorks, NBA players Andre Iguodala (Miami Heat), Spencer Dinwiddie and Garrett Temple (Brooklyn Nets), JaVale McGee (Los Angeles Lakers), and Aaron Gordon (Orlando Magic).

The broad base of investors in the August 2020 round also included European, Asian and offshore private investors.

Vancouver based Dapper Labs is the company behind CryptoKitties and the Flow blockchain as well as upcoming titles like NBA Top Shot. “Dapper Labs uses the power of play to deliver blockchain-based experiences that are made for you and ready for the real world.”

photo credit: Dapper Labs