Dapper Labs
Funding History
| Series C · 03/2021 | $2.6B |
|---|---|
| September 2021 Growth Round · 09/2021 | $7.6B |
About
Dapper Labs is a venture studio operating at the intersection of culture, sports, entertainment, and blockchain technology, headquartered in Vancouver, Canada.
- CEO
- Roham Gharegozlou
- Headquarters
- Vancouver, Canada
- Founded
- 2018
- Sector
- Blockchain / Digital Collectibles
Overview
Dapper Labs is a Vancouver-based venture studio building consumer blockchain products, best known for creating CryptoKitties, NBA Top Shot, NFL All Day, and the Flow blockchain. The company was spun out of venture studio Axiom Zen in 2018 by Roham Gharegozlou and Dieter Shirley after CryptoKitties, launched in October 2017, became popular enough to congest the Ethereum network, accounting for roughly 13% of all Ethereum transactions within a month of launch. Dapper Labs subsequently built Flow, a purpose-built layer-1 blockchain designed for consumer-scale applications, and launched NBA Top Shot in partnership with the NBA, a platform for licensed digital collectibles of basketball highlights that grew to over 1 million registered accounts and more than $780 million in lifetime sales by late 2021. The company later expanded its collectibles portfolio to include NFL All Day, Disney Pinnacle, and LaLiga Golazos. Dapper Labs raised institutional and celebrity-backed venture funding through 2021, reaching a peak valuation of $7.6 billion, before undergoing multiple rounds of layoffs during the 2022-2023 crypto market downturn. In September 2023, the SEC closed a previously undisclosed investigation into Dapper Labs' NFT products without taking enforcement action.
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