Dapper Labs Secures $15M In Series A2 Funding

Dapper Labs, which is a Canada based company which is working behind the blockchain product Cryptokitties has now secured $15 Million in the funding round of series A.

This time round was led by the Venrock, Google Ventures, Endeavour, aXiomatic, CoinFund, Animoca Brands, Matt Bellamy, the lead singer of Muse, June Fund, HOF Capital, John Pfeffer, and GBIC, Andreessen Horowitz, Union Square Ventures, SV Angel, Digital Currency Group, William Mougayar, Hex Capital, and Rising Tide Fund. In conjunction with the funding, David Pakman, a General Partner at Venrock, joined Dapper Labs’ Board of Directors.

The company as of now has a plans to use the scale up locally and globally, which also included an establishment in the US subsidiary led by the former executives from the Disney and Unity, with some of the additional hires of the Canada office from the EA sports, Amazon, Hasbro, Zynga and accelerate the build-out of the infrastructure which is much more needed to attract mainstream consumers to the blockchain.

The startup which is founded and led by the Roham Gharegozlou, CEO, Dapper Labs is the company which is much more behind the CryptoKitties collectible digital art forms which are created in the way of a Blockchain game of the same name. Each CryptoKitt is a unique digital asset, or anon fungible token, managed, traded with the help of blockchain programs which is known as smart contracts. The crypto kitties smart contracts are the world most popular outside of the exchanges, with over 3.2 million transactions recorded till today's date, representing tens of millions of dollars exchanged on the marketplace.

After the launching of the CryptoKitties, Dapper Labs has instituted a developer program and the public API, which is also innovated on the terms of service, which is instituted a flexible license which is giving NFT owners and the third party developers broad usage rights on the original artwork.

To date, the company has raised $27.85M in funding.

“The evolution of true digital ownership and the interoperability of smart contracts creates new ways for consumers, creators, and platform providers to interact completely peer-to-peer, with no middlemen,” said Roham Gharegozlou, CEO at Dapper Labs. “Our mission at Dapper Labs is to use games and entertainment to bring the values of decentralization to billions of consumers worldwide. This round of financing was about getting the right partners around the table to bring compelling content to the blockchain – and make sure usability and infrastructure allow for adoption by mainstream consumers.”