Vancouver-based Dapper Labs has acquired Los Angeles-based Brud Inc. for an undisclosed amount. This is their first acquisition as a venture-backed company. The acquisition, which was first reported by Decrypt, follows after Dapper Labs secured over C$319 million in fresh financing led by Coatue.
Dapper Labs is the company behind NBA Top Shot and Flow Blockchain. They use blockchain technology to bring NFTs and other forms of digital engagement used by fans worldwide. The investment will be used to scale their Top Shot fan experience, offering even greater sports, entertainment and music blockchain experiences to consumers on Flow blockchain.
We advised Dapper Labs with a team led by Mike Stephens and Geoff Pedlow and included Katie Peardon, Rasmeet Mohar and Mark Hughes (Corporate Finance, M&A).
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