Cryptocurrencies
CryptoKitties Maker Doubles Valuation in Venrock-Led Fundraising
- Popular game creator Dapper Labs draws $15 million to expand
- It’s known for breeding virtual cats, slowing Ethereum network
This article is for subscribers only.
The company behind the popular game CryptoKitties is raking in cash from venture capitalists faster than its users can churn out virtual cats.
Dapper Labs announced Thursday it’s finished a $15 million fundraising led by Venrock, doubling the company’s valuation since a previous round in March. GV and Samsung NEXT also participated, the Vancouver, Canada-based startup said, declining to specify terms. Altogether, it’s raised $27.85 million to date -- while recently passing a milestone in the breeding of unique virtual felines, exceeding 1 million.