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- Doodles
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
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
Website
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
| Date | Stage | Valuation |
|---|---|---|
| Sep 2022 | Series A | $704M |
Doodles Funding History
Doodles has raised a total of $54M across 1 funding round.
Doodles funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2022 | Series A | Seven Seven Six (lead); Acrew Capital; FTX Ventures; 50T Funds | $54M | $704M | Doodles 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Sep 2022 | ||
| 1 | Lead | Sep 2022 | ||
This data is available for Pro users. Sign up to see all 4 Doodles investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions 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
| 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 Country | |
| HQ City | London |
| Deal Date | 23 Jan 2023 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Doodles acquisitions and their M&A valuation multiples. Start Free Trial | |
Doodles Competitors
Doodles competitors include listed companies like BitGo Holdings and Indokripto Koin Semesta, and private ones like Parallel, Mocaverse, Mythical Games and Scalar.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $500M | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | $110M | - | $710M | 6.5x | ||
| Publicly listed | $16B | ($9M) | $795M | 5.5x | ||
| Publicly 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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $19M | ($17M) | 37.4x | - | (40.8x) | - | |||
| $381M | $78M | 1.1x | - | 5.3x | - | |||
| $223M | $88M | 3.0x | 2.7x | 7.5x | 9.7x | |||
| $339M | ($72M) | 2.1x | 2.6x | (10.0x) | (38.1x) | |||
| $16B | ($9M) | 0.1x | 5.5x | (125.1x) | 125.4x | |||
| $16M | $7M | 36.9x | - | 81.1x | - | |||
| $478K | ($417K) | 1242.8x | - | (1423.4x) | - | |||
| $524M | $170M | 0.9x | 0.9x | 2.9x | 2.4x | |||
This data is available for Pro users. Sign up to see all Doodles competitors and their valuation data. Start Free Trial | ||||||||
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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