• Dapper Labs completes a $250 million round, while the Bit2Me ICO raises $23.4 million

  • Dapper Labs, the company behind CryptoKitties, NBA Top Shot, and the Flow blockchain, has announced a $250 million round of new funding led by Coatue.

    The new round includes existing investors Andreessen Horowitz (a16z), GV (formerly Google Ventures), and Version One Ventures, as well as new investors BOND and GIC.

    According to the company, “Dapper Labs will use the new funding to continue to scale and support major additional brand-driven sports, entertainment, and music-based products coming online and being developed on the Flow blockchain.”

    According to the company’s website, the Flow blockchain has over 500 developers and more than 100 known projects of decentralized applications for games, NFTs, DeFi, and tools. Flow is also launching UFC, or Ultimate Fighting Championship, digital collectibles on its blockchain for users to buy, sell, trade, and collect, though no specific date was given.

    Dapper Labs has grown at an exponential rate this year. The company said that while beta testing its flagship product NBA Top Shop, it grew 30 times during the year, with over $780 million in collectibles bought and sold across 13 million transactions and more than 1.1 accounts registered.

    While Dapper Labs has grown rapidly, CEO Roham Gharegozlou claims that the company has only scratched the surface of what the technology can do for users. According to Gharegozlou, the company will scale NBA Top Shot, launch new titles, and improve the ecosystem built on its Flow blockchain.

    Dapper Labs raised $305 million in funding in March, led by Coatue as well. Existing strategic investors such as a16z, The Chernin Group, Union Square Ventures, Version One, and Venrock also participated at the time, Blockworks previously reported. Michael Jordan, Kevin Durant, and other NBA players also participated.

    Spain-based Bit2Me has completed its initial coin offering.

    Bit2Me, a crypto-based financial services company, announced on Wednesday that it had completed the third phase of its initial coin offering (ICO) in just 38 seconds. In total, the company based in Spain raised approximately $23.4 million, or €20 million.

    It raised approximately $20.5 million, or €17.5 million, in less than three minutes during three public sale phases held throughout September. According to the company, it also raised $2.9 million, or €2.5 million, in an earlier private sale.

    “As of November 1, our tokens will be available for purchase, like any other cryptocurrency, on Bit2Me, Bittrex, and increasingly on other platforms,” said Abel Pea, Bit2Me’s chief revenue officer.

    Bit2Me provides over 20 solutions for buying, selling, and managing virtual currencies and euros all in one place. Since its inception in 2015, it has grown to serve clients in over 100 countries and manages operations worth approximately $1.2 billion.

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