Dapper Labs Raising $13.5M in Equity Offering

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.

Read more: Dapper Labs Said to Reach $7.6B Valuation in $250M Funding Round