NBA Top Shot’s Dapper Labs Raises $305 Million in Latest Round

Dapper Labs, the company behind the popular NBA Top Shot digital collectibles platform, said it closed a $305 million funding round with backing from a roster of professional athletes and media personalities.

The latest financing injection -- with endorsements from Michael Jordan, Will Smith, Kevin Durant and Stefon Diggs, among others -- brings the company’s total capital raised since February 2018 to $357 million, according to Roham Gharegozlou, the company’s co-founder and chief executive officer.

The round was led by Coatue. Dapper Labs plans to use the proceeds to open its non-fungible token, known as NFTs, ...