Doodles Valuation, Funding & Investors

Doodles is valued at $704M as of September 2022.

Last Doodles valuation

$704M

Series A · Sep 2022

Last Doodles funding round

$54M

Series A · Sep 2022

Cumulative funding Doodles raised

$54M

across 1 funding round

Key investors in Doodles

  • Acrew Capital
  • Seven Seven Six
  • FTX Ventures
  • 50T Funds

Doodles Overview

About Doodles

Doodles is a Miami-based Web3 NFT project launched in 2021 on Ethereum, featuring 10,000 pixel-art characters with traits like hoodies, glasses, and backgrounds. The collection integrates with its official app for staking DOOD tokens and accessing metaverse experiences. Partnerships include Pharrell Williams for music drops and Adidas for apparel collaborations. Doodles operates a Discord community exceeding 100,000 members and media arm Doodles Studios.


Founded

2021

HQ

CanadaVancouver

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Valuation

$704M (Sep 2022)

Doodles Valuation

Doodles is currently valued at $704M, based on its Series A in September 2022.

The $54M round was led by Seven Seven Six, with participation from Acrew Capital, FTX Ventures and 50T Funds.

Doodles valuation by funding round

Doodles valuation by funding round
DateStageValuation
Sep 2022Series A$704M

Doodles Funding History

Doodles has raised a total of $54M across 1 funding round.

Doodles funding rounds

Doodles funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2022Series ASeven Seven Six (lead); Acrew Capital; FTX Ventures; 50T Funds$54M$704MDoodles is a next-generation art and entertainment studio that creates digital art, NFTs, and media content with a focus on community ownership and Web3 integration. The company behind the popular pastel-colored profile picture NFT collection operates as a DAO where community members vote on key decisions. In September 2022, Doodles raised $54 million in a funding round led by Seven Seven Six (Alexis Ohanian's firm), with participation from 50T Funds, Acrew Capital, and FTX Ventures. The capital was allocated to accelerate creative projects, enhance R&D capabilities, refine technology platforms, nurture creative talent, and expand digital footprint. The funding round validated Doodles' mission to democratize media ownership and bridge traditional artistic expressions with contemporary digital technologies. By late 2022, the broader NFT market had contracted significantly from $17 billion in early 2022 to $470 million by November, though Doodles maintained active community engagement through events like Art Basel Miami and the Doodles Genesis Factory.

Who has invested in Doodles?

4 investors have backed Doodles across its funding rounds, including Acrew Capital, Seven Seven Six, FTX Ventures and 50T Funds.

Lead investors include Seven Seven Six.


Doodles Investors

Investors in Doodles by funding rounds participated
InvestorHQRoundsRoleFirst check
Acrew CapitalUnited StatesSan Francisco, CA1ParticipantSep 2022
Seven Seven SixUnited StatesWest Palm Beach, FL1LeadSep 2022

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Acquisitions by Doodles

Doodles has acquired 1 company to date.

Last acquisition by Doodles was on January 23rd 2023. Doodles acquired Golden Wolf for undisclosed valuation.


Latest Acquisitions by Doodles

Golden Wolf
Description
Golden Wolf is a Shoreditch-based production studio specializing in animation, motion graphics, and live-action content. Established in 2013, the company delivers commercials, branded films, and digital experiences for clients such as Google, Nike, John Lewis, and the BBC. Its in-house team of over 50 creatives handles full production pipelines from concept to delivery, with standout projects including the 2020 John Lewis Christmas campaign and Spotify's Wrapped animations. Golden Wolf operates from London, serving both global brands and local businesses across Europe.
HQ CountryUnited Kingdom
HQ City
London
Deal Date23 Jan 2023
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Doodles Competitors

Doodles competitors include listed companies like BitGo Holdings and Indokripto Koin Semesta, and private ones like Parallel, Mocaverse, Mythical Games and Scalar.

Public and private companies comparable to Doodles
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
ParallelCanadaTorontoPrivate--$500M-
MocaverseHong KongHong KongPrivate--$1B-
Mythical GamesUnited StatesLos Angeles, CAPrivate--$1B-
ScalarJapanTokyoPrivate$110M-$710M6.5x
BitGo HoldingsUnited StatesUnited StatesPublicly listed$16B($9M)$795M5.5x
Indokripto Koin SemestaIndonesiaIndonesiaPublicly listed$16M$7M$609M-

Doodles Public Comps

Doodles is still privately-owned, but its public comps include Guangxi Xinxunda, Bingchuan Network, Everplay Group, Kakao Games, BitGo Holdings, Indokripto Koin Semesta, Rhino Bitcoin, DoubleUGames, GungHo Online and NetDragon Websoft.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Guangxi Xinxunda$19M($17M)37.4x-(40.8x)-
Bingchuan Network$381M$78M1.1x-5.3x-
Everplay Group$223M$88M3.0x2.7x7.5x9.7x
Kakao Games$339M($72M)2.1x2.6x(10.0x)(38.1x)
BitGo Holdings$16B($9M)0.1x5.5x(125.1x)125.4x
Indokripto Koin Semesta$16M$7M36.9x-81.1x-
Rhino Bitcoin$478K($417K)1242.8x-(1423.4x)-
DoubleUGames$524M$170M0.9x0.9x2.9x2.4x

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Common questions about Doodles

When was Doodles founded?Doodles was founded in 2021.
Where is Doodles headquartered?Doodles is headquartered in Vancouver, Canada.
Is Doodles publicly listed?No, Doodles is a private, VC-backed company.
What is Doodles' valuation?Doodles was last valued at $704M in its Series A in September 2022.
How much funding has Doodles raised?Doodles has raised $54M across 1 funding round.
What was Doodles' last funding round?Doodles' last funding round was a $54M Series A in September 2022, led by Seven Seven Six.
Who are Doodles' investors?Doodles' investors include Acrew Capital, Seven Seven Six, FTX Ventures and 50T Funds.
Which companies are comparable to Doodles?Companies comparable to Doodles include Parallel, Mocaverse, Mythical Games, Scalar, BitGo Holdings and Indokripto Koin Semesta.
How many companies has Doodles acquired?Doodles has acquired 1 company, including Golden Wolf.

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