Prolific producer of NFTs Dapper Labs has raised a massive $250 million in its latest funding round. The company has also signed an exclusive deal with Spain’s La Liga for a new line of football-themed collectibles.
The latest round of funding was led by investment firm Coatue Management and backed by a16z, GV and Version One Ventures. To date, the company has raised $555 million in exceptional funding in 2021 alone.Dapper Labs will now use the additional funds to fund additional NFT projects and build their brand.
One such effort will feature iconic moments from Spain’s top soccer tournament, La Liga, with plans to release a collection of digital moments from the game’s history. Called “La Liga on the Move,” it is expected to be released in June 2022.
Dapper Labs’ announcement ends a week in which sports games dominated the investment landscape. Football giant Sorare secured an additional $680 million through its latest funding round and has incidentally signed their own exclusive deal with La Liga in recent weeks. It’s unclear how the two rival collections will co-exist.