US-based blockchain product developer Dapper Labs has raised $11m in a series A round featuring record company Warner Music Group and mobile game producer Animoca Brands.
Venture capital firm Andreessen Horowitz’s crypto fund led the round, which included Accomplice, AppWorks, Autonomous Partners, Fenbushi Digital, Union Square Ventures, Venrock, Digital Currency Group, SV Angel, Version One Ventures and CoinFund.
The round was boosted by angel investors including William Mougayar, Don Mattrick, Nanon de Gaspe Beaubien-Mattrick and James and Glenn Hutchins.
Dapper Labs is best known for CryptoKitties, a blockchain-based mobile game in which players can trade different types of cartoon cats, but it has also created a smart wallet called Dapper and a basketball-focused collectibles app dubbed NBA Top Shot among other products.
The funding was announced together with Flow, a blockchain developed by Dapper Labs to support large ecosystems of games and entertainment offerings that is slated for release in 2020. It has now raised a total of $40m, it said.
The company received $15m in a November 2018 round that included Samsung Next and GV, vehicles for electronics producer Samsung and internet technology group Alphabet, as well as Animoca Brands, talent agency Endeavor and esports company aXiomatic.
Venrock, CoinFund, HOF Capital, June Fund, GBIC, Andreessen Horowitz, Union Square Ventures, SV Angel, Digital Currency Group, Hex Capital, Rising Tide Fund and assorted angel investors also took part in the November round.
Other investors in Dapper Labs, which had previously raised $12.3m in March 2018, include media holding vehicle WndrCo, Green Bay Ventures and Steve Huffman.
