2 Years Old Cryto News Website

Bored Ape Yacht Club maker reportedly in investment talks with a16z

Share this article Venture capital firm Andreessen Horowitz is rumored to be in investment talks with Yuga Labs, the team behind Bored Ape Yacht Club. Investor Takes Interest in Bored Apes Rumor has it that Yuga Labs is seeking investments from Andreessen Horowitz. In a Financial Times article Thursday, undisclosed sources confirmed rumors that the creator of the Bored Ape Yacht Club is raising funds from venture capital firms. The sources stated that California-based Andreessen Horowitz is one of several companies looking to take a multi-million dollar stake in Yuga Labs. According to the same sources, Andreessen Horowitz’s investment would value Yuga Labs between $4 and $5 billion. The same figure was mentioned in previous funding rumors circulating almost a week earlier by influencer NFT Nick on the podcast The Nifty Alpha. Andreessen Horowitz is one of the top-performing venture capital firms in the US and was an early investor in several top-performing technology companies such as Facebook, Twitter, and Airbnb. More recently, however, the company has turned to crypto investing, taking large stakes in crypto exchange Coinbase and NFT marketplace OpenSea. at this point, however, no official source has confirmed it. Previous rumors from Twitter user rdm41 stating that Yuga Labs would offer a stake in the company through an APE token offering were not mentioned by the Financial Time sources. Whether Yuga Labs wants to raise money through a traditional stock offering or otherwise remains to be seen. Yuga Labs had not responded to Crypto Briefing’s request for comment at press time. Disclosure: At the time of writing, the author of this piece owned ETH and several other cryptocurrencies. Share this article The information on or accessible through this website was obtained from independent sources believed to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness or accuracy of any information contained on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not provide personal investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may be out of date, or may be incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete or inaccurate information. You should never make an investment decision about an ICO, IEO or other investment based on the information on this website, and you should never interpret or otherwise rely on the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO or other investment. We do not accept compensation in any form for analyzing or reporting ICOs, IEOs, cryptocurrency, currencies, tokenized sales, securities or commodities. See full terms and conditions. Bored Ape Yacht Club NFTs Gather Over Funding Round Rumors Rumors that Yuga Labs, the company behind Bored Ape Yacht Club, is raising funds at a valuation of $5 billion have led to the collection’s rock bottom price rising to . Bored Ape Yacht Club Hype Continues with $2.8 Million Sale A Bored Ape Yacht Club NFT sold for $2.8 million last night as demand for the collection hit new highs. The current reserve price for a Bored Ape is 116.9… Audience Poll: Win a $360 subscription to Pro BTC Trader We do this because we want to be better at choosing advertisers for and explain to them: “Who are our visitors, what are they worried about?” Answer our questions… a16z aims to raise record-breaking $4.5 billion for crypto funds Andreessen Horowitz (a16z) has announced plans to raise $4.5 billion for its cryptocurrency funds, the company plans to raise funding in March a16z aims for a new record productive…
Source link
Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts