Dapper Labs is a venture studio that builds consumer products around digital ownership, including NBA Top Shot and CryptoKitties. It also created Flow, a public blockchain used for NFT and gaming experiences.
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Dapper Labs shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
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| Date | Round | PPS (split-adj.) | Valuation |
|---|---|---|---|
| 2021 | $305M financing round |
In September 2021, Dapper Labs said it raised US$250M led by Coatue with participation from a16z, GV, BOND and GIC. The company said NBA Top Shot was one of the world's fastest growing marketplaces and that Flow was gaining consumer traction.
Dapper says it built Flow as an open blockchain network used by millions of consumers and global brands, and that Flow is now stewarded by an independent ecosystem. Its portfolio also includes NBA Top Shot, Disney Pinnacle, NFL ALL DAY and CryptoKitties.
Forge Global lists Dapper Labs' last known valuation at $7.6B from its September 22, 2021 financing. That valuation was set in the same round that brought in Coatue, a16z, GV, BOND and GIC.
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No. As of March 2026, Dapper Labs is a private company and does not trade on any public stock exchange. Accredited investors can access Dapper Labs shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Dapper Labs does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Dapper Labs shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered alternative investments since 2019.
Pre-IPO investments carry significant risks. Dapper Labs shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate of is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Dapper Labs builds consumer products around digital ownership, including NBA Top Shot and CryptoKitties, and created Flow; it reported $69.3M in revenue in 2026 and raised $250M as NBA Top Shot scaled fast — accredited investors can access Dapper Labs stock through UpMarket.