Dapper Labs valuation, funding and investors

Dapper Labs works in digital asset platform development, based in Vancouver, Canada. Founded in 2018, it has about 190 employees.

Tech Companies Growth Equity

VALUATION · TODAY

$4.94B −7% after Growth

Range $661M – $9.16B · Grade D

TODAY

+12 MO

$2.50B

$5.00B

$7.50B

$10.00B

$12.50B

2019

2020

2021

2022

2023

2024

2025

2026

2027

Growth $305M

Growth $250M

ValuationBefore first round12-month outlook: where it points, how wide it fansHover the past: the outlook shows what was predicted then

HEADCOUNT · TODAY190 employees

+0%6m growth

+0%1y growth

−10%2y growth

250

500

750

Data from Jan 2021

TODAY

Predicted in 1 yr $4.60B −7% vs today

Predicted next raise $752M if a round comes

Winding-down probability 30%

Last round: Growth · $250M · Sep 2021
Valuation at last round: $7.60B
Headcount: 190
Grade: D
Founded: 2018

How VCMC values companies →

Dapper Labs valuation today

VCMC values Dapper Labs at $4.9B today, with a range of $661M to $9.2B and a grade of D. The valuation starts from its last funding round, a growth round in Sep 2021.

Valuation by date (109 rows)

Each point is what the model would have shown on that date, using only what was known then; before its first round, a company is valued as a startup because it later raised.

Dapper Labs: valuation by date, as the model would have shown it on each date
Date	Valuation	Range	Predicted in 1 yr	Phase	Headcount	Trend	Grade	Winding-down probability
1 Jan 2018	$8.90M	$3.24M – $24.4M	$12.2M (+37%)	before first round	–	unknown	D	0%
1 Feb 2018	$9.14M	$3.33M – $25.1M	$12.5M (+37%)	before first round	–	unknown	D	0%
1 Mar 2018	$9.36M	$3.41M – $25.7M	$12.8M (+37%)	before first round	–	unknown	D	0%
1 Apr 2018	$9.62M	$3.50M – $26.4M	$13.2M (+37%)	before first round	–	unknown	D	0%
1 May 2018	$9.87M	$3.59M – $27.1M	$13.5M (+37%)	before first round	–	unknown	D	0%
1 Jun 2018	$10.1M	$3.69M – $27.8M	$13.9M (+37%)	before first round	–	unknown	D	0%
1 Jul 2018	$10.4M	$3.79M – $28.6M	$14.3M (+37%)	before first round	–	unknown	D	0%
1 Aug 2018	$10.7M	$3.89M – $29.4M	$14.4M (+35%)	before first round	–	unknown	D	0%
1 Sep 2018	$11.0M	$4.00M – $30.2M	$14.5M (+32%)	before first round	–	unknown	D	0%
1 Oct 2018	$11.3M	$4.10M – $30.9M	$14.7M (+30%)	before first round	–	unknown	D	0%
1 Nov 2018	$11.6M	$4.21M – $31.8M	$14.8M (+28%)	before first round	–	unknown	D	0%
1 Dec 2018	$11.9M	$4.32M – $32.6M	$14.9M (+26%)	before first round	–	unknown	D	0%
1 Jan 2019	$12.2M	$4.44M – $33.5M	$15.1M (+24%)	before first round	–	unknown	D	0%
1 Feb 2019	$12.5M	$4.56M – $34.4M	$15.2M (+21%)	before first round	–	unknown	D	0%
1 Mar 2019	$12.8M	$4.67M – $35.3M	$15.3M (+19%)	before first round	–	unknown	D	0%
1 Apr 2019	$13.2M	$4.80M – $36.2M	$15.5M (+17%)	before first round	–	unknown	D	0%
1 May 2019	$13.5M	$4.93M – $37.2M	$15.6M (+15%)	before first round	–	unknown	D	0%
1 Jun 2019	$13.9M	$5.06M – $38.2M	$15.8M (+13%)	before first round	–	unknown	D	0%
1 Jul 2019	$14.3M	$5.19M – $39.2M	$15.9M (+11%)	before first round	–	unknown	D	0%
1 Aug 2019	$14.4M	$5.25M – $39.6M	$16.0M (+11%)	before first round	–	unknown	D	0%
1 Sep 2019	$14.5M	$5.29M – $39.9M	$16.2M (+11%)	before first round	–	unknown	D	0%
1 Oct 2019	$14.7M	$5.34M – $40.3M	$16.3M (+11%)	before first round	–	unknown	D	0%
1 Nov 2019	$14.8M	$5.39M – $40.7M	$16.5M (+11%)	before first round	–	unknown	D	0%
1 Dec 2019	$14.9M	$5.44M – $41.0M	$16.6M (+11%)	before first round	–	unknown	D	0%
1 Jan 2020	$15.1M	$5.49M – $41.4M	$16.8M (+11%)	before first round	–	unknown	D	0%
1 Feb 2020	$15.2M	$5.54M – $41.8M	$16.9M (+11%)	before first round	–	unknown	D	0%
1 Mar 2020	$15.3M	$5.59M – $42.1M	$17.1M (+11%)	before first round	–	unknown	D	0%
1 Apr 2020	$15.5M	$5.64M – $42.5M	$17.2M (+11%)	before first round	–	unknown	D	0%
1 May 2020	$15.6M	$5.69M – $42.9M	$17.4M (+11%)	before first round	–	unknown	D	0%
1 Jun 2020	$15.8M	$5.74M – $43.3M	$17.6M (+11%)	before first round	–	unknown	D	0%
1 Jul 2020	$15.9M	$5.79M – $43.7M	$17.7M (+11%)	before first round	–	unknown	D	0%
1 Aug 2020	$16.1M	$5.84M – $44.1M	$17.9M (+11%)	before first round	–	unknown	D	0%
1 Sep 2020	$16.2M	$5.90M – $44.5M	$18.0M (+11%)	before first round	–	unknown	D	0%
1 Oct 2020	$16.3M	$5.95M – $44.9M	$18.2M (+11%)	before first round	–	unknown	D	0%
1 Nov 2020	$16.5M	$6.00M – $45.3M	$18.4M (+11%)	before first round	–	unknown	D	0%
1 Dec 2020	$16.6M	$6.06M – $45.7M	$18.5M (+11%)	before first round	–	unknown	D	0%
1 Jan 2021	$22.2M	$8.10M – $61.1M	$24.8M (+11%)	before first round	92	unknown	D	0%
1 Feb 2021	$22.5M	$8.17M – $61.7M	$25.0M (+11%)	before first round	92	unknown	D	0%
1 Mar 2021	$22.6M	$8.24M – $62.2M	$25.1M (+11%)	before first round	92	unknown	D	0%
31 Mar 2021	$2.6B	$2.3B – $3.3B	$2.9B (+10%)	after a round	92	unknown	A	0%
1 Apr 2021	$2.6B	$2.3B – $3.3B	$2.9B (+10%)	after a round	92	unknown	A	0%
1 May 2021	$2.6B	$2.3B – $3.3B	$2.9B (+9%)	after a round	92	unknown	A	0%
1 Jun 2021	$2.6B	$2.3B – $3.3B	$2.9B (+8%)	after a round	92	unknown	A	0%
1 Jul 2021	$2.7B	$2.3B – $3.3B	$2.9B (+7%)	after a round	92	unknown	A	0%
1 Aug 2021	$2.7B	$2.3B – $3.3B	$2.9B (+6%)	after a round	92	unknown	A	0%
1 Sep 2021	$2.7B	$2.3B – $3.3B	$2.9B (+6%)	after a round	92	unknown	A	0%
23 Sep 2021	$7.6B	$6.6B – $9.6B	$8.4B (+10%)	after a round	92	unknown	A	0%
1 Oct 2021	$7.6B	$6.6B – $9.6B	$8.4B (+10%)	after a round	92	unknown	A	0%
1 Nov 2021	$7.7B	$6.6B – $9.6B	$8.4B (+9%)	after a round	92	unknown	A	0%
1 Dec 2021	$7.7B	$6.6B – $9.6B	$8.4B (+8%)	after a round	92	unknown	A	0%
1 Jan 2022	$7.8B	$6.6B – $9.6B	$8.4B (+7%)	after a round	92	unknown	A	0%
1 Feb 2022	$7.9B	$6.6B – $9.6B	$8.4B (+6%)	after a round	92	unknown	A	0%
1 Mar 2022	$7.9B	$6.6B – $9.6B	$8.4B (+6%)	after a round	92	unknown	A	0%
1 Apr 2022	$8.0B	$6.6B – $9.6B	$8.4B (+5%)	after a round	92	unknown	A	0%
1 May 2022	$8.1B	$6.6B – $9.6B	$8.4B (+4%)	after a round	92	unknown	A	0%
1 Jun 2022	$8.1B	$6.6B – $9.6B	$8.4B (+3%)	after a round	92	unknown	A	0%
1 Jul 2022	$8.2B	$6.6B – $9.6B	$8.4B (+2%)	after a round	92	unknown	A	0%
1 Aug 2022	$8.2B	$6.6B – $9.6B	$8.4B (+1%)	after a round	92	unknown	A	0%
1 Sep 2022	$8.3B	$6.6B – $9.6B	$8.4B (+1%)	after a round	92	unknown	A	0%
1 Oct 2022	$8.4B	$6.5B – $9.6B	$8.4B (0%)	after a round	92	unknown	A	0%
1 Nov 2022	$8.4B	$6.2B – $9.6B	$8.4B (0%)	after a round	92	unknown	A	0%
1 Dec 2022	$8.4B	$5.9B – $9.6B	$8.4B (0%)	after a round	620	unknown	A	0%
1 Jan 2023	$8.4B	$5.6B – $9.6B	$8.4B (0%)	after a round	620	unknown	A	0%
1 Feb 2023	$8.4B	$5.3B – $9.6B	$8.4B (0%)	after a round	620	unknown	A	0%
1 Mar 2023	$8.4B	$5.1B – $9.6B	$8.4B (0%)	after a round	620	unknown	B	0%
1 Apr 2023	$8.4B	$4.8B – $9.6B	$8.4B (0%)	after a round	620	unknown	B	0%
1 May 2023	$8.4B	$4.6B – $9.6B	$8.4B (0%)	after a round	620	unknown	B	0%
1 Jun 2023	$8.4B	$4.4B – $9.6B	$8.4B (0%)	after a round	620	unknown	B	0%
1 Jul 2023	$8.4B	$4.2B – $9.6B	$8.4B (0%)	after a round	620	unknown	B	0%
1 Aug 2023	$8.4B	$4.0B – $9.6B	$8.4B (0%)	after a round	620	unknown	B	0%
1 Sep 2023	$8.4B	$3.8B – $9.6B	$8.4B (0%)	after a round	620	unknown	B	0%
1 Oct 2023	$8.4B	$3.6B – $9.6B	$8.4B (0%)	after a round	620	unknown	B	0%
1 Nov 2023	$4.4B	$3.4B – $6.7B	$2.5B (-43%)	after a round	310	shrinking	B	97%
1 Dec 2023	$4.2B	$3.2B – $6.6B	$2.4B (-43%)	after a round	310	shrinking	B	97%
1 Jan 2024	$4.1B	$3.1B – $6.4B	$2.3B (-43%)	after a round	310	shrinking	B	97%
1 Feb 2024	$3.9B	$2.9B – $6.3B	$2.2B (-43%)	after a round	310	shrinking	B	97%
1 Mar 2024	$3.7B	$2.8B – $6.2B	$2.1B (-43%)	after a round	310	shrinking	B	97%
1 Apr 2024	$3.6B	$2.6B – $6.1B	$2.0B (-44%)	after a round	250	shrinking	B	97%
1 May 2024	$3.4B	$2.5B – $5.9B	$1.9B (-44%)	after a round	250	shrinking	B	97%
1 Jun 2024	$4.0B	$2.4B – $9.5B	$2.4B (-41%)	after a round	250	down	C	97%
1 Jul 2024	$3.9B	$2.3B – $9.5B	$2.3B (-41%)	after a round	250	down	C	97%
1 Aug 2024	$3.7B	$2.2B – $9.6B	$2.2B (-41%)	after a round	250	down	C	97%
1 Sep 2024	$2.9B	$2.1B – $5.5B	$1.6B (-44%)	after a round	210	shrinking	B	97%
1 Oct 2024	$2.6B	$2.0B – $4.3B	$1.6B (-39%)	after a round	210	shrinking	B	97%
1 Nov 2024	$2.5B	$1.9B – $4.2B	$1.5B (-39%)	after a round	210	shrinking	B	97%
1 Dec 2024	$2.4B	$1.8B – $4.1B	$1.5B (-39%)	after a round	190	shrinking	B	97%
1 Jan 2025	$2.3B	$1.7B – $4.0B	$1.4B (-39%)	after a round	190	shrinking	B	97%
1 Feb 2025	$2.2B	$1.6B – $3.8B	$1.4B (-39%)	after a round	190	shrinking	B	97%
1 Mar 2025	$2.1B	$1.5B – $3.7B	$1.3B (-39%)	after a round	190	shrinking	B	97%
1 Apr 2025	$2.0B	$1.5B – $3.6B	$1.2B (-39%)	after a round	190	shrinking	B	97%
1 May 2025	$2.5B	$1.4B – $7.6B	$1.7B (-31%)	after a round	190	down	C	97%
1 Jun 2025	$2.4B	$1.3B – $7.5B	$1.6B (-31%)	after a round	190	down	C	97%
1 Jul 2025	$2.3B	$1.3B – $7.5B	$1.6B (-31%)	after a round	190	down	C	97%
1 Aug 2025	$2.2B	$1.2B – $7.4B	$1.5B (-30%)	after a round	190	down	C	97%
1 Sep 2025	$2.1B	$1.1B – $7.4B	$1.5B (-28%)	after a round	190	down	C	97%
1 Oct 2025	$2.4B	$1.1B – $8.5B	$1.7B (-27%)	after a round	190	down	D	89%
1 Nov 2025	$2.5B	$1.0B – $8.5B	$2.0B (-23%)	after a round	190	down	D	82%
1 Dec 2025	$2.7B	$974M – $8.5B	$2.2B (-19%)	after a round	190	down	D	76%
1 Jan 2026	$2.9B	$925M – $8.5B	$2.4B (-16%)	after a round	190	down	D	70%
1 Feb 2026	$3.0B	$879M – $8.5B	$2.6B (-12%)	after a round	190	down	D	64%
1 Mar 2026	$3.3B	$840M – $8.8B	$3.0B (-10%)	after a round	190	unknown	D	59%
1 Apr 2026	$3.5B	$798M – $8.9B	$3.3B (-7%)	after a round	190	unknown	D	54%
1 May 2026	$3.7B	$760M – $8.9B	$3.5B (-5%)	after a round	190	unknown	D	50%
1 Jun 2026	$3.9B	$722M – $9.0B	$3.8B (-3%)	after a round	190	unknown	D	46%
1 Jul 2026	$4.1B	$687M – $9.0B	$4.0B (-1%)	after a round	190	unknown	D	42%
1 Aug 2026	$4.2B	$661M – $9.0B	$4.2B (0%)	after a round	190	unknown	D	39%
1 Sep 2026	$4.5B	$661M – $9.1B	$4.5B (0%)	after a round	190	unknown	D	36%
1 Oct 2026	$4.7B	$661M – $9.1B	$4.4B (-7%)	after a round	190	unknown	D	33%
24 Oct 2026	$4.9B	$661M – $9.2B	$4.6B (-7%)	after a round	190	unknown	D	30%

Key facts about Dapper Labs

Founded: 2018
Headquarters: Vancouver, Canada
Employees: about 190 -39% in a year
Total raised: $593M
Funding rounds: 5
Last round: Growth Equity Sep 2021

Dapper Labs was founded in 2018 by Dieter Shirley and Roham Gharegozlou.

Dapper Labs funding history

Dapper Labs has 5 funding rounds on record, from Nov 2018 to Sep 2021, $593M in total. The latest disclosed valuation is $7.60B post-money (Growth Equity, Sep 2021).

Growth Equity 22 Sep 2021
Led by Coatue; with Andreessen Horowitz, GV, Version One Ventures, BOND, GIC.
Sources: coindesk.com, betakit.com, frontofficesports.com and 2 more
$250M
$7.60B post-money
Growth Equity 30 Mar 2021
Led by Coatue; with Andreessen Horowitz, Union Square Ventures, Venrock, The Chernin Group, Version One Ventures, Sound Ventures.
Sources: geekwire.com, finsmes.com
$305M
$2.60B post-money
Other 7 Aug 2020no round page
With Andreessen Horowitz, Union Square Ventures, Venrock, Accomplice, Animoca Brands, AppWorks, Samsung Next, Coinbase Ventures, Distributed Global, Valor Capital Group, A.Capital, BlockTower Capital, Blockchange, EONXI, Reed Company, Greenfield One, North Island Ventures, Republic Labs, L1D, Pirata Capital, Warner Music Group, Mosaic.
Sources: ledgerinsights.com, pulse2.com, cryptotvplus.com and 1 more
$12M
Other 12 Sep 2019no round page
Led by Andreessen Horowitz; with Accomplice, AppWorks, Autonomous Partners, Warner Music Group, Union Square Ventures, Venrock, Digital Currency Group, Animoca Brands, SV Angel, Version One Ventures, CoinFund, GV, Samsung Venture Investment, Fenbushi Digital. Individuals: Don Mattrick, William Mougayar, James Hutchins, Glenn Hutchins, Nanon de Gaspe Beaubien-Mattrick.
Sources: appworks.tw, geekwire.com, techcouver.com and 2 more
$11M
Other 1 Nov 2018no round page
Led by Venrock; with GV, Samsung Next, Endeavor, aXiomatic, Andreessen Horowitz, CoinFund, Animoca Brands, June Fund, HOF Capital, GBIC, Union Square Ventures, SV Angel, Digital Currency Group, Hex Capital, Rising Tide, Reddit, WndrCo. Individuals: Steve Huffman, Jeffrey Katzenberg, William Mougayar.
Sources: prnewswire.com, geekwire.com, blockchaingamer.biz and 3 more
$15M

Dapper Labs investors

44 investors have backed Dapper Labs; Andreessen Horowitz, Venrock and Coatue led at least one round.

Andreessen Horowitz lead, 5 rounds
Venrock lead, 4 rounds
Coatue lead, 2 rounds
Union Square Ventures 4 rounds
Animoca Brands 3 rounds
GV 3 rounds
SV Angel 2 rounds
Warner Music Group 2 rounds
Autonomous Partners
aXiomatic
BlockTower Capital
BOND
Coinbase Ventures
Endeavor
EONXI
Fenbushi Digital
GBIC
GIC
Greenfield One
Hex Capital
June Fund
Pirata Capital
Reddit
Reed Company
Republic Labs
Samsung Venture Investment
Sound Ventures
WndrCo

What Dapper Labs does

Dapper Labs works in tech companies, with 13 recorded offerings and customers in gaming, sports and digital assets.

Dapper Labs, Inc. is a Canadian private company engaged in the development and operation of blockchain-based consumer apps and digital assets. The company focuses on creating digital assets from major brands, enabling real-time growth of money, automatic portfolio rebalancing, and accessible digital goods, serving a global audience. Dapper Labs also operates on the Flow blockchain, which is designed for consumer-scale protocols and apps, and is involved in the gaming and sports industries through its digital entertainment projects.

Description from Veridion's company data.

Products and services

Digital Asset Platform Development
Blockchain Protocol Development
NFT Marketplace Operation
Digital Asset Tokenization Services
Digital Goods Retail
NFT Gaming Experience Development
Sports and Entertainment NFT Solutions
Digital Asset Portfolio Management Services
Real-Time Digital Asset Growth Services
Blockchain Security and Transparency Solutions
Transaction Ordering and Execution Optimization
User Experience Design for Digital Assets
Digital Asset Trading Platform Operation

Markets

Gaming
Sports
Digital Assets

Technology

Pipelined Consensus Architecture for MEV-Resistant Transaction Ordering

Business model

Business-to-Consumer
Entertainment

Industry codes (NAICS)

513210 Software Publishers 70% match
518210 Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services 30% match

Questions about Dapper Labs

What is Dapper Labs worth?

Valuation $4.9B (range $661M to $9.2B), as of 24 Oct 2026. The last disclosed valuation was $7.60B (Growth Equity, Sep 2021).

Has Dapper Labs raised money?

Dapper Labs has 5 funding rounds on record, from Nov 2018 to Sep 2021, $593M in total. The latest disclosed valuation is $7.60B post-money (Growth Equity, Sep 2021).

Who has invested in Dapper Labs?

Andreessen Horowitz, Venrock, Coatue, Union Square Ventures, Animoca Brands and GV, and 38 more. Lead investors include Andreessen Horowitz, Venrock and Coatue.

How many people work at Dapper Labs?

About 190, down 39% over the last year. Headcount rose from 92 in Jan 2021 to 620 in Nov 2022, then fell to 190 in Nov 2024.

What does Dapper Labs do?

Dapper Labs works in tech companies, with 13 recorded offerings and customers in gaming, sports and digital assets. Its main offerings are digital asset platform development, blockchain protocol development and NFT marketplace operation.

When was Dapper Labs founded, and where is it based?

Dapper Labs was founded in 2018 and is based in Vancouver, Canada. It has about 190 employees, down 39% over the last year.

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