Funding round
Yuga Labs Seed
Yuga Labs, which works in NFT collection development and management in Coral Gables, raised $450M in a Seed round announced on 22 Mar 2022, led by Andreessen Horowitz and Andreessen Horowitz’s a16z crypto fund, at a $4.00B post-money valuation. 44 firms took part.
$450M
Amount raised
$4.00B
Post-money valuation
$3.55B pre-money
44
Investors
2 leads
11%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Yuga Labs at $4.00B after the new money. The $450M bought investors about 11% of the company. It is Yuga Labs' first venture round on record, 1 year after it was founded in 2021. No later venture round is on record for Yuga Labs.
Yuga Labs' funding rounds
This is the only venture round on record for Yuga Labs.
- Seed this round 22 Mar 2022, led by Andreessen Horowitz and Andreessen Horowitz’s a16z crypto fund $450M$4.00B post-money
Investors
Who put money in
Andreessen Horowitz and Andreessen Horowitz’s a16z crypto fund led the round with 42 other firms.
Lead investors
- Andreessen Horowitz backs 722 venture-backed companies new investor
- Andreessen Horowitz’s a16z crypto fund
Also in the round
- Animoca Brands new investor
- backs 21 venture-backed companies new investor
- backs 24 venture-backed companies new investor
- Sound Ventures backs 114 venture-backed companies new investor
- Thrive Capital backs 130 venture-backed companies new investor
- FTX new investor
- MoonPay new investor
- Accel backs 581 venture-backed companies new investor
- Ambridge Capital new investor
- backs 17 venture-backed companies new investor
- backs 74 venture-backed companies new investor
- backs 33 venture-backed companies new investor
- backs 18 venture-backed companies new investor
- Comal Ventures new investor
- backs 49 venture-backed companies new investor
- backs 74 venture-backed companies new investor
- backs 5 venture-backed companies new investor
- backs 25 venture-backed companies new investor
- backs 32 venture-backed companies new investor
- Grasshopper Capital new investor
- backs 32 venture-backed companies new investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- backs 70 venture-backed companies new investor
- backs 65 venture-backed companies new investor
- Montauk Ventures new investor
- backs 54 venture-backed companies new investor
- backs 36 venture-backed companies new investor
- backs 91 venture-backed companies new investor
- backs 94 venture-backed companies new investor
- backs 17 venture-backed companies new investor
- backs 34 venture-backed companies new investor
- backs 16 venture-backed companies new investor
- backs 18 venture-backed companies new investor
- Robot Ventures new investor
- Seven Seven Six backs 90 venture-backed companies new investor
- backs 121 venture-backed companies new investor
- backs 13 venture-backed companies new investor
- Sunset Ventures new investor
- backs 23 venture-backed companies new investor
- backs 110 venture-backed companies new investor
- Union Square Ventures backs 171 venture-backed companies new investor
- FTX Ventures new investor
Joined the board: Chris Lyons (Andreessen Horowitz).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
2,538 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.3M, and this round was 138 times the median. The closest in time, other companies' Seed rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 24 Mar 2022 | $21M | $84M | CoinFund and Hashed |
| Tech Companies | 30 Mar 2022 | $19M | not disclosed | Lerner Group Investments LLC and M-Cor Holdings |
| Tech Companies | 29 Mar 2022 | $18M | not disclosed | TPY Capital and M12 |
| Tech Companies | 1 Mar 2022 | $17M | not disclosed | not named |
| Tech Companies | 2 Mar 2022 | $16M | not disclosed | SignalFire and Salesforce Ventures |
| Tech Companies | 23 Mar 2022 | $16M | not disclosed | Anthos Capital |
| Tech Companies | 30 Mar 2022 | $15M | not disclosed | StageOne Ventures and Ibex Investors |
| Tech Companies | 18 Mar 2022 | $14M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Yuga Labs raise in its Seed round?
Yuga Labs raised $450M in its Seed round, announced in Mar 2022.
Who led Yuga Labs' Seed round?
Andreessen Horowitz and Andreessen Horowitz’s a16z crypto fund led it, with Animoca Brands, Sandbox Industries, LionTree, Sound Ventures and Thrive Capital and 37 more.
What was Yuga Labs' valuation at the Seed round?
$4.00B post-money ($3.55B pre-money).
How does it compare with other Seed rounds in Tech Companies?
2,538 Seed rounds in Tech Companies within a year either side disclosed an amount; the median was $3.3M, and this round was 138 times the median.