Companies · Crypto / Web3

Dapper Labs Inc.

VANCOUVER · Crypto / Web3 · refined from filed group “Other · https://www.dapperlabs.com/

Diligence memoA one-page analyst read on Dapper Labs Inc. — recommendation, valuation, rhythm, risks.
$668.4M
Total raised · real
10
Rounds
0.8×
Latest step-up
Top 3%
Sector rank · raised
Series D+
Latest stage · inferred · Mon May 23 2022 00:00:00 GMT+0000 (Coordinated Universal Time)

Dapper Labs Inc. has raised $668M over 10 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the crypto/web3 sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Dormant
  • Last raise 4.1 yr ago; this sector typically re-raises about every 7 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Crypto / Web3

Dapper Labs Inc. is one of 196 Crypto / Web3 companies tracked from VANCOUVER. By capital raised it ranks among the largest (ahead of 98% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Dapper Labs is the venture studio behind NBA Top Shot, Disney Pinnacle, NFL ALL DAY, CryptoKitties, and Flow. Discover our work in digital ownership.

Dapper Labs is the venture studio behind NBA Top Shot, Disney Pinnacle, NFL ALL DAY, CryptoKitties, and Flow. Discover our work in digital ownership. A venture studio at the intersection of emerging technology and culture. Powered by Flow . The most epic NBA moments, immortalized as officially licensed digital assets. A first-of-its-kind digital pin collecting and trading experience. With pins from Star Wars, Pixar, Disney Classics, and more. Step into a new world of fandom. 24/7 Trading · PinBooks · Weekly New Releases Banks make money from you. Peak makes money for you. Automated yield strategies, prize-linked accounts, and zero complexity. DeFi Yields · Weekly Prizes · Credit Card Deposits Virtual influencer pioneer, 2016. Prada, Samsung, Calvin Klein, BMW. One of Time's 25 Most Influential People on the Internet. 6M+ followers across IG, TikTok, YouTube, Spotify, X Where digital collecting began. The beloved game that launched every ERC-721 NFT project and millions of smiles. Officially licensed NFL collectibles. The catches, runs, and plays that define the game, yours to own. Built for the agent economy. The consumer-finance network trusted by millions, and global institutions

crypto/web3
Find Dapper Labs online

Trades publicly as Dapper Labs.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
1
Investors (latest)
2018
Year incorporated
2022-05-23
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$2.5B$5.0B$7.5B$10.0BSeries A · 2018-02-27 Raised $12M (real) Modeled valuation $412M (est)Series A2018Series A · 2018-10-19 Raised $12M (real) Modeled valuation $392M (est)Series A2018Series A · 2019-05-29 Raised $11M (real) Modeled valuation $375M (est)Series A2019Series A · 2020-07-20 Raised $13M (real) Modeled valuation $439M (est)Series A2020Series B · 2021-02-03 Raised $31M (real) Modeled valuation $881M (est)Series B2021Series D+ · 2021-03-17 Raised $305M (real) Modeled valuation $9.3B (est)Series D+2021Series D+ · 2021-03-17 Raised $304M (real) Modeled valuation $9.3B (est)Series D+2021Series D+ · 2021-07-01 Raised $250M (real) Modeled valuation $7.0B (est)Series D+2021Series D+ · 2021-11-22 Raised $23M (real) Modeled valuation $568M (est)Series D+2021Series D+ · 2021-11-22 Raised $6.5M (real) Modeled valuation $160M (est)Series D+2021Series D+ · 2022-05-23 Raised $5.1M (real) Modeled valuation $107M (est)Series D+2022Cumulative $973M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series A$12.3M · 2018
Series A extension$11.7M · 2018
Series A extension$11.2M · 2019
Series A extension$13.4M · 2020
Series B$30.6M · 2021
Series D+$304.7M · 2021no Series C on file
Series D+ extension$304.4M · 2021
Series D+ extension$250.0M · 2021
Series D+ extension$23.0M · 2021
Series D+ extension$6.5M · 2021
Series D+ extension$5.1M · 2022

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$106.7M
Base estimate est.
$23.5M
Conservative case
$188.5M
Upside case
$42.1M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series D+a $100M–$400M round). Valuation is modeled from stage benchmarks scaled by the crypto/web3 sector profile. Directional, not a quoted figure.

Series A · modeled $412.1M · 2018-02-272018Series A · modeled $392.4M · 2018-10-19Series A · modeled $375.2M · 2019-05-29Series A · modeled $439.4M · 2020-07-20Series B · modeled $881.4M · 2021-02-03Series D+ · modeled $9.3B · 2021-03-17Series D+ · modeled $9.3B · 2021-03-17Series D+ · modeled $7.0B · 2021-07-01Series D+ · modeled $567.7M · 2021-11-22Series D+ · modeled $159.7M · 2021-11-22Series D+ · modeled $106.7M · 2022-05-232022
Model inputs · modeled:benchmark-stage-stepup-v1
12%
Dilution assumption
Implied ownership sold in the financing.
70%
Survival probability
56% low · 77% high
1.37×/yr
Annual markup
1.53×/yr upside case
4.1 yr
Elapsed time used
4.1 yr actual, capped for stale marks
crypto/web3
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
5 mo
Avg between rounds
$157.9M/yr
Capital velocity
8.3 yr
On record since
2018
First round
11
Rounds on file
How it compares to the market

Benchmarked against 196 companies in Crypto / Web3. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 191× above median
This company$668.4M
Sector median$3.5M
Latest round — vs other Series D+ rounds in sector (real $, this stage) 0.0× of median
This company$5.1M
Sector median$160.0M
Modeled value — vs sector median (estimate, all stages) 2.0× above median
This company$106.7M
Sector median$53.1M

Raised more than 98% of sector peers (real $). Modeled value above 80% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series D+) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0B$100.0M$1.0BCapital raised (log)Applied Blockchain, Inc. · Series D+ Raised $210.6M · modeled $1.6B (est)Blockdaemon Inc. · Series D+ Raised $412.4M · modeled $666.8M (est)Dapper Labs Inc. (this company) Raised $668.4M · modeled $106.7M (est)Dapper Labs Inc.
CompanyStageRaised · realValue · estvs peer med.
Applied Blockchain, Inc.Series D+$210.6M$1.6B2.47×
Blockdaemon Inc.Series D+$412.4M$666.8M1.00×
Dapper Labs Inc. this companySeries D+$668.4M$106.7M0.16×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series A$12.3M2018-02-27$55.9M$412.1M90%
Series A$11.7M2018-10-19$53.2M$392.4M90%
Series A$11.2M2019-05-29$50.9M$375.2M90%
Series A$13.4M2020-07-20$61.0M$439.4M90%
Series B$30.6M2021-02-03$170.0M$881.4M90%
Series D+$304.7M2021-03-17$2.5B$9.3B90%
Series D+$304.4M2021-03-17$2.5B$9.3B90%
Series D+$250.0M2021-07-01$2.1B$7.0B90%
Series D+$23.0M2021-11-22$191.7M$567.7M90%
Series D+$6.5M2021-11-22$53.9M$159.7M90%
Series D+$5.1M2022-05-23$42.1M$106.7M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series A$12.3M2018-02-27
    • First recorded raise — entered as Series A.
    • 36 investors on this round.
  2. Series A$11.7M2018-10-19
    • Raised 8 mo later, in step with the ~7 mo sector norm.
    • Round roughly the size of the prior one.
    • 19 investors on this round.
  3. Series A$11.2M2019-05-29
    • Raised 7 mo later, in step with the ~7 mo sector norm.
    • Round roughly the size of the prior one.
    • 31 investors on this round.
  4. Series A$13.4M2020-07-20
    • Raised again after 14 mo — slower than the ~7 mo sector norm.
    • Round roughly the size of the prior one.
    • 65 investors on this round.
  5. Series B$30.6M2021-02-03
    • Raised 7 mo later, in step with the ~7 mo sector norm.
    • Round 2.3× larger than the prior — scaling up.
    • 8 investors on this round.
  6. Series D+$304.7M2021-03-17
    • Came back fast: 1 mo vs the ~7 mo sector norm.
    • Round 10.0× larger than the prior — scaling up.
    • 87 investors on this round.
  7. Series D+$304.4M2021-03-17
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 87 investors on this round.
  8. Series D+$250.0M2021-07-01
    • Came back fast: 3 mo vs the ~7 mo sector norm.
    • Round roughly the size of the prior one.
    • 18 investors on this round.
  9. Series D+$23.0M2021-11-22
    • Raised 5 mo later, in step with the ~7 mo sector norm.
    • Round 10.9× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  10. Series D+$6.5M2021-11-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 3.6× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  11. Series D+$5.1M2022-05-23
    • Raised 6 mo later, in step with the ~7 mo sector norm.
    • Round roughly the size of the prior one.
    • 1 investor on this round.
Intelligence
2022 ~Q4
Modeled next raise · ~5mo cadence
$5.1M
Modeled next size est.range $5.1M$8.1M
0.8×
Last step-up
$157.9M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
David Pakman5 other2018-10
Scott Shipman2 other2021-07
Stephanie Lemmerman1 other2022-05
Alex Shih2018-02
Dietrich Shirley2019-05
Donald Flavelle2019-05
Hamilton Helmer2018-10
Jody Rebak2019-05
Michael Cheng2022-05
Mikhael Naayem2019-05
Pierre Beugnot2019-05
Roham Gharegozlou2018-02
Sam Gharegozlou2018-02
Registry & provenance

Dapper Labs Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1735169
SEC CIK
2018
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Payward, Inc.Crypto / Web3Series D+$703.3M$1.8Bnetwork1 shared operator · same sector · same stage
Bluefin Topco, LlcCrypto / Web3Series D+$700.0M$14.7Bsame sector · same stage
Blockdaemon Inc.Crypto / Web3Series D+$412.4M$666.8Msame sector · same stage
Applied Blockchain, Inc.Crypto / Web3Series D+$210.6M$1.6Bsame sector · same stage
ConsenSys Software Inc.Crypto / Web3Growth/Late$600.8M$10.0Bsame sector
Hedera Hashgraph, LLCCrypto / Web3Growth/Late$800.6M$27.4Bsame sector
Circle International Bermuda LtdCrypto / Web3Growth/Late$486.2M$14.4Bsame sector
Forward Industries, Inc.Crypto / Web3Growth/Late$1.7B$15.3Bsame sector
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Digitally Leveraged Assets & Resources Inc.Other TechnologySeries A$21.3M73%
Digital Asset Capital, Inc.Crypto / Web3Pre-Seed$43.5M72%
Blackboxstocks Inc.Other TechnologySeed$2.2M72%
Ethersportz, LlcOther TechnologySeed$119.3M72%
Player Toolbox Holdings, LlcOtherPre-Seed$1.1M72%
Prizepool, Inc.Other TechnologySeries A$302.8M71%
Launcher Labs
Maker of consumer crypto apps: Launchcaster, Frameboard, Maindrop
Crypto / Web371%
VeteranCrowd Rewards, Inc.Other TechnologyPre-Seed$714K71%
Frequently asked
How much funding has Dapper Labs Inc. raised?
Dapper Labs Inc. has raised approximately $668.4M in disclosed capital across 10 recorded financing rounds, aggregated from public filings.
What is Dapper Labs Inc.'s estimated valuation?
Provath's modeled valuation for Dapper Labs Inc. is approximately $106.7M (modeled range $23.5M–$188.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Dapper Labs Inc. at?
Dapper Labs Inc.'s latest modeled financing stage is Series D+. Its most recent recorded round closed around Mon May 23.
What does Dapper Labs Inc. do and where is it based?
Dapper Labs Inc. operates in the Crypto / Web3 sector, based in VANCOUVER. Dapper Labs is the venture studio behind NBA Top Shot, Disney Pinnacle, NFL ALL DAY, CryptoKitties, and Flow. Discover our work in digital ownership.
Explore related

See where Dapper Labs Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at Dapper Labs Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.