Diligence memo · auto-generated · as of July 2, 2026
Dapper Labs Inc.
Dapper Labs Inc. has raised $668M over 10 rounds; too few niche peers to rank its valuation yet.
Businessfiled
Dapper Labs Inc. operates in Crypto / Web3, 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.
Sub-sector tags: crypto/web3.
Capital & rounds (filed)filed
Dapper Labs Inc. has raised $668M in disclosed capital across 10 recorded rounds, aggregated from public filings. Its latest round is modeled as Series D+ (a $100M–$400M round).
Largest single filing: $305M on 2021-03-17.
Most recent recorded round closed around 2022-05-23.
Valuation (modeled)modeled
Provath models Dapper Labs Inc. at approximately $107M (range $24M–$189M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Too few comparable companies in this niche to rank the valuation fairly yet.
Financing rhythm & timingmixed
Historic cadence: a new round about every 5 months.
Last raise 4.1 yr ago; this sector typically re-raises about every 7 months.
Silent for over 3× the sector's normal cadence.
The last round was 1.3× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 98% of Crypto / Web3 peers (196 compared).
Modeled value ranks above 80% of those peers.
Closest niche peers: Applied Blockchain, Inc., Blockdaemon Inc..
Peoplefiled
13 named people on file across officers, directors and signatories.
Risks & flagsmixed
Financing has been silent well beyond sector cadence — possibly defunct, acquired, or paused.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.