Dapper Labs is a blockchain technology company focused on building consumer-friendly Web3 products, digital collectibles, and decentralized gaming experiences. The company is best known for pioneering mainstream NFT adoption through entertainment and sports partnerships.
By combining blockchain infrastructure with intuitive user experiences, Dapper Labs enables digital ownership at scale while lowering technical barriers for everyday users and brands.
What Is Dapper Labs and What Does It Do?
Dapper Labs, founded in 2018, is a Vancouver-based (Canada) blockchain and gaming company that develops NFT platforms and blockchain-based games. The company created CryptoKitties and later expanded into large-scale NFT ecosystems through products like NBA Top Shot and the Flow blockchain.
Dapper Labs employs 501-1,000 employees as of July 2024 and operates at the intersection of blockchain infrastructure, gaming, and digital entertainment.
How Much Funding Has Dapper Labs Raised?
1. Series D
- Amount Raised: $250M
- Date: July 2021
- Lead Investors: Andreessen Horowitz
- Motivation: To scale the Flow blockchain and expand NFT-based consumer applications.
2. Series D
- Amount Raised: $23M
- Date: November 2021
- Motivation: To support ecosystem growth and strategic partnerships.
3. Series D
- Amount Raised: $5.06M
- Date: May 2022
- Motivation: To strengthen operational flexibility and product development.
Total Funding Raised: $666 Million
Current Valuation: $7.6 Billion (as of Nov 2021)
Latest Funding Date: May, 2022
Key Investors
1. Andreessen Horowitz (a16z)
- Details: Leading Silicon Valley venture capital firm focused on transformative technology companies.
- Investment Focus Areas: Blockchain, crypto, gaming, enterprise software.
- Notable Investments: Dapper Labs, Coinbase, OpenSea, Roblox.
2. Union Square Ventures
- Details: New York–based venture capital firm investing in networks and platform businesses.
- Investment Focus Areas: Web3, fintech, marketplaces, infrastructure.
- Notable Investments: Dapper Labs, Twitter, Etsy, Polygon.
3. Venrock
- Details: Venture capital firm affiliated with the Rockefeller family, focused on early-stage innovation.
- Investment Focus Areas: Technology, healthcare, consumer platforms.
- Notable Investments: Dapper Labs, Apple, Intel.
4. Blisce
- Details: Global venture capital firm backing consumer-facing technology companies.
- Investment Focus Areas: Consumer tech, digital platforms, marketplaces.
- Notable Investments: Dapper Labs, Spotify, Pinterest.
Where Is Dapper Labs’ Headquarters?
Dapper Labs is headquartered in Vancouver, Canada, serving as the company’s central hub for product development, blockchain engineering, and ecosystem partnerships.
What’s Next for Dapper Labs?
Dapper Labs is focused on expanding real-world utility for NFTs beyond collectibles, including gaming, fan engagement, and digital identity. As Web3 adoption matures, the company’s Flow blockchain positions it to support scalable, consumer-grade decentralized applications while deepening partnerships across sports, entertainment, and global brands.
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