Vancouver’s Dapper Labs is on the verge of raising more than USD $250 million at a valuation of USD $2 billion.
According to The Block, which cited sources familiar with the deal, Dapper Labs has closed an initial tranche of new bridge financing aiming to raise up to USD $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. Getting their start with collecting and breeding digital at CryptoKitties—the world’s most successful blockchain game—the Vancouver studio is now letting basketball fans trade jaw-dropping NBA basketball highlights with NBA Top Shot.
The NBA Top Shot project is now the most popular nonfungible token (NFT) series by volume after being launched in October 2020 and has generated almost $100 million in NFT sales.
Dapper Labs was named to Techcouver’s 10 Homegrown B.C. Startups to Watch in 2021.