NFT Startup Dapper Labs Raising Money at Over $7.5 Billion Valuation

The rush of enthusiasm for blockchain-based collectives is driving an extraordinary surge of investor interest in Dapper Labs, the developer of collectibles like NBA Top Shot.

Just a few weeks after Dapper Labs raised $305 million at a valuation of $2.6 billion, the company is raising a new round at a valuation above $7.5 billion, according to a person with direct knowledge of the deal talks. The new round is being led by Coatue Management, which led the previous round, said two people familiar with the matter.