Dapper Labs Raising $13.5M in Equity Offering

The NBA Top Shot creator is almost halfway toward its goal.

AccessTimeIconDec 9, 2021 at 7:26 p.m. UTC
Updated May 11, 2023 at 4:03 p.m. UTC

Dapper Labs, the creator of the digital basketball collectible platform NBA Top Shot, is raising $13.5 million in an equity offering and is almost halfway toward meeting that goal, according to a new regulatory filing.

  • The company has raised $6.5 million to date from one investor. Dapper started accepting investments on Nov. 22.
  • Sports non-fungible tokens (NFTs) are a booming area for investor support. In September, Dapper closed a $250 million funding round at a reported $7.6 billion valuation, and European soccer NFT platform Sorare raised $680 million at a $4.3 billion valuation.
  • Since its founding in 2018, Dapper has raised $607.5 million in private funding, according to Crunchbase data.
  • Last month, Dapper signed a multiyear partnership with National Basketball Association star Kevin Durant’s sports media company Boardroom. The company also acquired influencer platform Brud and launched a unit focusing on decentralized autonomous organizations (DAOs).
  • Dapper Labs didn’t immediately respond to a request for comment.
  • Why Sequoia Capital Is Raising $600M to Launch New Crypto Fund
    06:39
    Why Sequoia Capital Is Raising $600M to Launch New Crypto Fund
  • Twitter Joined $20M Funding Round for Bitcoin Payments Provider OpenNode
    06:14
    Twitter Joined $20M Funding Round for Bitcoin Payments Provider OpenNode
  • Twitter Joined $20M Funding Round for Bitcoin Payments Provider OpenNode
    06:14
    Twitter Joined $20M Funding Round for Bitcoin Payments Provider OpenNode
  • Polygon Raises $450M to Build Web 3 Applications, Invest in Zero-knowledge Tech
    06:55
    Polygon Raises $450M to Build Web 3 Applications, Invest in Zero-knowledge Tech
  • Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Brandy Betz

    Brandy covered crypto-related venture capital deals for CoinDesk.