Bored Ape Yacht Club Owners in Talks Over $5 Billion Funding Round: Report

The company behind one of the largest and most well-known non-fungible token collections could be valued at $5 billion in a new funding round, according to a report. Are bored Yacht Ape Club owners set for another boost? Yuga Labs, the company that created the Bored Ape Yacht Club NFT collection, is reportedly in talks to secure significant new funding.

A16z Reportedly Eying Investment in Yuga Labs

Silicon Valley tech VC Andreessen Horowitz (A16z) is reportedly eying an investment in Bored Ape Yacht Club creator Yuga Labs, with a reported valuation as high as $5 billion. Financial Times sources said that Yuga Labs is in negotiations about selling a multimillion-dollar interest with a16z among the corporations it is targeting, the Financial Times stated, quoting sources familiar with the matter. The startup behind the popular Bored Ape Yacht Club non-fungible token collection is in talks with Andreessen Horowitz (a16z) for a funding round that would value it at a staggering $5 billion.

Yuga Labs' Existing Funding & Future Growth

Yuga Labs, the company that created the Bored Ape Yacht Club NFT collection, closed $450 million in a seed funding round that gives it a post-money valuation of a significant amount. This new potential $5 billion valuation underscores the incredible growth and influence of the Bored Ape Yacht Club and the broader NFT market. What does this mean for BAYC holders and the future of Yuga Labs? Stay tuned for updates.