Dapper Labs announces US$250 million in funding from Coatue, a16z, GV, BOND, GIC and more
Torys acted as Canadian counsel to a global long-term investor with a team that included Konata Lake, Marko Trivun and Brook Wong (corporate/M&A).
On September 22, 2021, Dapper Labs, Inc., the company behind NBA Top Shot and the Flow blockchain, announced US$250 million in new funding. Led by Coatue, the new round brings together existing investors a16z, GV and Version One Ventures with new investors including BOND and GIC, who believe in the long-term potential of Dapper Labs' vision, its marquee titles including NBA Top Shot, which is one of the world's fastest growing marketplaces, as well as the consumer-facing Flow blockchain.
Dapper Labs will use the new capital to continue to scale and support major additional brand-driven sports, entertainment and music based products coming online and being developed on the Flow blockchain.
Further information can be found on Canada Newswire’s website.
Dapper Labs, the company behind NBA Top Shot and the original developers behind the Flow blockchain, uses blockchain technology to bring NFTs and new forms of digital engagement to fans around the world.