Yuga Labs, the Miami, FL-based company behind the NFT project Bored Ape Yacht Club, raised $450m in seed funding at a post money valuation of $4 billion.
The round was led by a16z crypto, with participation from Animoca Brands and its subsidiary The Sandbox, LionTree, Sound Ventures, and Thrive Capital, and crypto leaders like FTX and MoonPay, and other partners and collaborators.
The company plans to use the funds to scale its team, across creative, engineering and operations functions, and for joint ventures and partnerships.
Led by Nicole Muniz, CEO, Yuga Labs is a web3 platform most known for the creation of the Bored Ape Yacht Club and its recent acquisition of CryptoPunks and Meebits. On Friday, the company revealed a glimpse of its metaverse project, called Otherside.
FinSMEs
23/03/2022