Alphabet’s GV re-upped its investment in the sports NFT platform developer as part of a round valuing it at $7.6bn.

Canada-based virtual trading card developer Dapper Labs received $250m yesterday from investors including GV, a corporate venturing arm of internet and technology conglomerate Alphabet.

Investment manager Coatue Management led the round, which included Andreessen Horowitz, Bond, Version One Ventures and Singapore’s sovereign wealth fund, GIC. It valued the company at $7.6bn, a source familiar with the deal told CoinDesk.

Dapper Labs uses its Flow blockchain technology to let users trade non-fungible tokens (NFTs) of sports clips to then trade as…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
Email LinkedIn