Bored Apes NFT startup Yuga Labs raises seed round at monster $4B valuation

Bored Apes NFT startup Yuga Labs raises seed round at monster $4B valuation

2 years ago
Anonymous $R5WK5a8uaN

https://techcrunch.com/2022/03/22/bored-apes-nft-startup-yuga-labs-raises-at-monster-4-billion-valuation/

Yuga Labs, maker of the multimillion monkey JPEGs that plenty of NFT skeptics love to hate, just raised a $450 million round from Andreessen Horowitz at a $4 billion valuation, the company announced Tuesday.

The Miami-based NFT firm behind Bored Apes Yacht Club has not previously raised funding though the startup has long been courting attention from VCs eager to back a major player in the NFT craze. Other investors in the round include Animoca Brands, LionTree, Sound Ventures, Thrive Capital, FTX and MoonPay

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