Bored Apes NFT Startup Yuga Labs Raises Seed Round At Monster $4 ...

Bored Apes NFT startup Yuga Labs raises seed round at monster $4B valuation Lucas Matney 12:18 PM PDT · March 22, 2022

Yuga Labs, maker of the multimillion dollar 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.

Yuga Labs is increasingly doubling down on its position. Earlier this month, the startup announced it had acquired the assets of popular NFT projects CryptoPunks and Meebits from Larva Labs. The startup is also fresh off the launch of ApeCoin, which the startup’s founders and executives have a substantial stake in. The token gathered a multibillion dollar market cap on its first day of trading. The startup is soon looking to build this momentum into its own version of the metaverse called “Otherside,” which will also integrate avatars from a number of other NFT projects.

Bored Apes NFT project gets official ‘ApeCoin’ token

Topics

Andreessen Horowitz, Blockchain art, blockchains, bored apes yacht club, Crypto, CryptoPunks, digital art, ethereum, Yuga Labs Lucas Matney

Lucas Matney was a senior editor at TechCrunch based in San Francisco. View Bio Dates TBD Locations TBA

Plan ahead for the 2026 StrictlyVC events. Hear straight-from-the-source candid insights in on-stage fireside sessions and meet the builders and backers shaping the industry. Join the waitlist to get first access to the lowest-priced tickets and important updates.

Waitlist Now

Most Popular

• SpaceX reportedly planning 2026 IPO with $1.5T valuation target

  • Sean O'Kane

• Claude Code is coming to Slack, and that’s a bigger deal than it sounds

  • Rebecca Bellan

• Creator IShowSpeed sued for allegedly punching, choking viral humanoid Rizzbot

  • Dominic-Madori Davis

• Sources: AI synthetic research startup Aaru raised a Series A at a $1B ‘headline’ valuation

  • Marina Temkin
  Techcrunch event

  Join the Disrupt 2026 Waitlist

  Add yourself to the Disrupt 2026 waitlist to be first in line when Early Bird tickets drop. Past Disrupts have brought Google Cloud, Netflix, Microsoft, Box, Phia, a16z, ElevenLabs, Wayve, Hugging Face, Elad Gil, and Vinod Khosla to the stages — part of 250+ industry leaders driving 200+ sessions built to fuel your growth and sharpen your edge. Plus, meet the hundreds of startups innovating across every sector.

  Join the Disrupt 2026 Waitlist

  Add yourself to the Disrupt 2026 waitlist to be first in line when Early Bird tickets drop. Past Disrupts have brought Google Cloud, Netflix, Microsoft, Box, Phia, a16z, ElevenLabs, Wayve, Hugging Face, Elad Gil, and Vinod Khosla to the stages — part of 250+ industry leaders driving 200+ sessions built to fuel your growth and sharpen your edge. Plus, meet the hundreds of startups innovating across every sector.

  San Francisco | October 13-15, 2026 WAITLIST NOW

• SpaceX reportedly in talks for secondary sale at $800B valuation, which would make it America’s most valuable private company

  • Connie Loizos

• Meta acquires AI device startup Limitless

  • Sarah Perez

• After Neuralink, Max Hodak is building something even wilder

  • Connie Loizos

Loading the next article Error loading the next article