About Yuga Labs
Yuga Labs is a company based in Coral Gables (United States) founded in 2021 by Kerem Atalay, Greg Solano, Wylie Aronow, and Zeshan Ali.. Yuga Labs has raised $900 million across 2 funding rounds from investors including MoonPay, Animoca Brands and FTX. The company has 95 employees as of December 31, 2023. Yuga Labs has completed 4 acquisitions, including 10KTF, Proof and Roar Studios. Yuga Labs offers products and services including BAYC, MAYC, Otherside, Cryptopunks, and Meebits. Yuga Labs operates in a competitive market with competitors including Roblox, The Sandbox, Decentraland, Spatial and LUDEX, among others.
- Headquarter Coral Gables, United States
- Employees 95 as on 31 Dec, 2023
- Founders Kerem Atalay, Greg Solano, Wylie Aronow, Zeshan Ali
- Stage Unicorn
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Sectors
TechnologyMedia & Entertainment Financial Services
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Email
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Phone
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Website
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Social
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Products & Services of Yuga Labs
Yuga Labs offers a comprehensive portfolio of products and services, including BAYC, MAYC, Otherside, Cryptopunks, and Meebits. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
NFT series featuring unique ape characters for digital ownership
NFT series with mutant ape designs for virtual assets
Virtual world project involving interactive NFT elements
Pixel art NFT characters representing digital collectibles
3D voxel NFT characters for blockchain-based ownership
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Funding Insights of Yuga Labs
Yuga Labs has successfully raised a total of $900M across 2 strategic funding rounds. The most recent funding activity was a Series D round of $450 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series D — $450.0M
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First Round
First Round
(07 Mar 2022)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2022 | Amount | Series D - Yuga Labs | Valuation |
investors |
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| Mar, 2022 | Amount | Seed - Yuga Labs | Valuation | a16z |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Yuga Labs
Yuga Labs has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include MoonPay, Animoca Brands and FTX. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Early-stage technology startups are invested in by Thrive Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Yuga Labs
Yuga Labs has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include 10KTF, Proof and Roar Studios. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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NFTs are utilized for trading real-world assets and accessories.
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2021 | ||||
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Metaverse platform for collaborative music creation and sharing is offered.
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2021 | ||||
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Provider of civic and social organizations services
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2021 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Yuga Labs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Yuga Labs Comparisons
Competitors of Yuga Labs
Yuga Labs operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Roblox, The Sandbox, Decentraland, Spatial and LUDEX, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A gaming platform for user-generated content is operated.
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| domain | founded_year | HQ Location |
NFT-based virtual metaverse is developed for user-owned experiences.
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| domain | founded_year | HQ Location |
Virtual world games are facilitated through an NFT-based platform.
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| domain | founded_year | HQ Location |
Spatial is focused on creating immersive virtual experiences.
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| domain | founded_year | HQ Location |
Alternative investment platform for digitalization of game cards
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Yuga Labs
Frequently Asked Questions about Yuga Labs
When was Yuga Labs founded?
Yuga Labs was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Yuga Labs located?
Yuga Labs is headquartered in Coral Gables, United States. It is registered at Coral Gables, Florida, United States.
Who is the current CEO of Yuga Labs?
Greg Solano is the current CEO of Yuga Labs. They have also founded this company.
Is Yuga Labs a funded company?
Yuga Labs is a funded company, having raised a total of $900M across 2 funding rounds to date. The company's 1st funding round was a Seed of $450M, raised on Mar 07, 2022.
How many employees does Yuga Labs have?
As of Dec 31, 2023, the latest employee count at Yuga Labs is 95.
What does Yuga Labs do?
Yuga Labs was established in 2021 in Coral Gables, United States, within the digital assets sector. An online marketplace for games and digital collectibles is maintained, alongside the development of NFTs. A community platform for NFT holders is facilitated to support engagement. Operations center on blockchain-based collectibles, with services extending to users across the United States and globally.
Who are the top competitors of Yuga Labs?
Yuga Labs's top competitors include Roblox, The Sandbox and Decentraland.
What products or services does Yuga Labs offer?
Yuga Labs offers BAYC, MAYC, Otherside, Cryptopunks, and Meebits.
How many acquisitions has Yuga Labs made?
Yuga Labs has made 4 acquisitions, including 10KTF, Proof, and Roar Studios.
Who are Yuga Labs's investors?
Yuga Labs has 9 investors. Key investors include MoonPay, Animoca Brands, FTX, The Sandbox, and Andreessen Horowitz.
What is Yuga Labs's valuation?
The valuation of Yuga Labs is $4B as of Mar 2022.