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$450M Yuga Labs Seed Round Funded by Google, Samsung, Adidas

Published 03/23/2022, 06:03 AM
Updated 03/23/2022, 06:30 AM
$450M Yuga Labs Seed Round Funded by Google, Samsung, Adidas
GOOGL
-0.87%
005930
4.31%
GOOG
-1.03%
ADDYY
2.23%

  • Yuga Labs raises $450M from a seed round led by a16z; backed by prominent individuals and brands.
  • As a result, Yuga Labs is currently valued at $4B.
  • The company has been on a roll for the past two weeks, and on March 19 announced a teaser for their new metaverse.

Yuga Labs has just raised $450 million from a seed round led by Andreessen Horowitz (a16z). The funding round was first reported to be in the works as early as February. As a result, Yuga Labs is currently valued at $4 billion.

Moreover, Yuga Labs released a list of 36 individuals and brands who invested in the company’s seed round. The investors, other than a16z, include the likes of Animoca Brands, FTX Ventures, MoonPay, LionTree, SANDBOX, Samsung (KS:005930), Time Ventures, Adidas (OTC:ADDYY) Ventures, and Google (NASDAQ:GOOGL) Ventures. Meanwhile, individual investors include the likes of Snoop Dogg, Timbaland, Steve Aoki, Shaq/Forest Road, VaynerFund, and Colin Kaepernick.

“This capital will give Yuga speed to market on many things underway, and bring in new partners with strategic thinking that share the vision,” said Yuga Labs partner Guy Oseary.

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