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Yuga Labs, The Company Behind BAYC, Raises $450 Million At $4 Billion Valuation
Summary: According to TechCrunch, Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) NFT ecosystem, has closed a $450 million funding round led by Andreessen Horowitz (A16z), with additional investors including Animoca Brands, LionTree, Sound Ventures, Thrive Capital, FTX and MoonPay, etc. The funding round, which reportedly began in February, valued the company at ...
According to TechCrunch, Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) NFT ecosystem, has closed a $450 million funding round led by Andreessen Horowitz (A16z), with additional investors including Animoca Brands, LionTree, Sound Ventures, Thrive Capital, FTX and MoonPay, etc.
The funding round, which reportedly began in February, valued the company at $4 billion.
Earlier this month, the startup announced the acquisition of popular NFT projects CryptoPunks and Meebits from Larva Labs. Yuga Labs also launched ApeCoin, which has surpassed $3.3 billion in market cap in less than seven days.
Yuga Labs said it plans to use the new funding to build “Otherside,” an NFT-based, ApeCoin-powered gaming metaverse.
Tags: Andreessen Horowitz,animoca brands,BAYC,FTX,LionTree,NFT,Sound Ventures,Thrive Capital,Yuga Labs
Link: Yuga Labs, The Company Behind BAYC, Raises $450 Million At $4 Billion Valuation [Copy]
