• Dapper Labs Raises $250 Million and Signs a New Football Contract

  • Dapper Labs, a prolific producer of NFTs, has raised a massive $250 million in its most recent round of funding. In addition, the company signed an exclusive agreement with Spain’s La Liga for a new line of football-themed collectibles.

    The most recent round of funding was led by investment firm Coatue Management, with participation from a16z, GV, and Version One Ventures. To date, the company has raised an impressive $555 million in 2021 alone. Dapper Labs will now use the extra funds to fund additional NFT projects and build their brand.

    One such endeavor will feature iconic moments from La Liga, Spain’s premier football tournament, with plans in the works to release a collection of digitalized moments from the competition’s history. It is titled “La Liga on Flow” and is set to be released in June 2022.

    The announcement by Dapper Labs caps off a week in which sports games dominated the investment landscape. Sorare, a footballing behemoth, raised an additional $680 million in their latest round of funding, while also inking their own exclusive deal with La Liga in recent weeks. For the time being, it is unclear how these two competing collections will coexist.

    What's your reaction?