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Yuga Labs
Coral Gables, US · Founded 2021 · 18 known investors
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Yuga Labs is the company behind the Bored Ape Yacht Club (BAYC) NFT collection and ApeCoin (APE).
Also known as BAYC · Bored Ape Yacht Club · Yuga Labs
Founders & leadership
Investors · 18
How we know: A.Capital Ventures's portfolio page · the VCSheet dataset · Not right? Tell us
How we know: a16z crypto's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Alpha Wave Global's portfolio page · Not right? Tell us
How we know: a16z's portfolio · a partner's Signal profile · board seat on SEC Form D · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Arcane Group's portfolio page · Not right? Tell us
How we know: bondcap.com · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: GV (Google Ventures)'s portfolio page · a partner's Signal profile · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: the VCSheet dataset · open dataset · 5k.vc investor directory · hashed.com · Not right? Tell us
How we know: open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Narcissus Ventures's portfolio page · Not right? Tell us
How we know: open dataset · 5k.vc investor directory · Not right? Tell us
How we know: sevensevensix.com · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Standard Crypto's portfolio page · the VCSheet dataset · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$424.1M disclosed across 1 round · 2022
▶$424.1MraisedMar 2022 · 47 investors · OtherRule 506(b)
- Wylie AronowExecutive Officer, Director
- Gregory SolanoExecutive Officer, Director
- Kerem AtalayExecutive Officer, Director
- Zeshan AliExecutive Officer, Director
- Chris LyonsDirector
- Jasmine ShoemakerExecutive Officer
- Nicole MunizExecutive Officer, Director
- Patrick EhrlundExecutive Officer
- Guy OsearyExecutive Officer, Director
- Offering amount
- $450M
- Amount sold
- $424.1M
- First sale
- Mar 2022
- Incorporated
- Corporation, Delaware, 2021
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Yuga Labs is the company behind the Bored Ape Yacht Club (BAYC) non-fungible token collection. Its digital assets, according to a US federal court ruling reported in October 2025, also include ApeCoin (APE) and other Yuga-linked digital assets. The BAYC NFTs were marketed as digital collectibles that confer exclusive membership benefits rather than as profit-seeking investments, and they trade on public blockchains without an ongoing financial arrangement between purchasers and the company.
Available source material is limited to coverage of litigation involving the company; it does not describe Yuga Labs' funding, headquarters, founding date, headcount or broader product portfolio.
Business model
Sources indicate Yuga Labs issues digital collectible NFTs (Bored Ape Yacht Club) that provide holders with exclusive membership benefits, and is associated with the ApeCoin (APE) token. Court coverage notes that fees collected by Yuga were independent of NFT pricing.
Latest developments
On 2025-10-04, reporting described a federal judge's dismissal of the securities lawsuit against Yuga Labs, ruling that BAYC NFTs and ApeCoin do not meet the Howey Test threshold for investment contracts. The ruling was described as supporting the treatment of NFTs as digital collectibles rather than securities.
▸Full profile — market position, technology, risks & controversies
Market position
Reporting describes the lawsuit as high-profile and the ruling as precedent-setting for the NFT sector, indicating Yuga Labs and BAYC are prominent within digital collectibles; no market share or comparative data is provided in the sources.
Technology
Yuga Labs' NFTs are tradable on public blockchains, per the court's description cited in reporting.
Risks & controversies
A lawsuit filed in 2022 alleged that Yuga Labs misled buyers into expecting profits from their NFT purchases, effectively claiming BAYC NFTs and ApeCoin were unregistered securities. In a decision reported on 2025-10-04, Judge Fernando M. Olguin dismissed the suit, finding the plaintiffs failed to establish a common enterprise or an expectation of profit under the Howey Test. Reporting characterized the outcome as precedent-setting for other pending cases involving NFTs and US securities law.
Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.
Timeline · 1
launches, deals, and filingsJudge Fernando M. Olguin dismissed a 2022 class-action style lawsuit alleging Yuga Labs misled buyers into expecting profits from NFT purchases, ruling that BAYC NFTs, ApeCoin (APE) and other Yuga-linked digital assets do not satisfy the three-pronged Howey Test. The court found no common enterprise between buyers and Yuga Labs and no established expectation of profit, characterizing the NFTs as digital collectibles conferring exclusive membership benefits.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 1
primary sources listed
- Judge Dismisses Yuga Labs Lawsuit, Rules BAYC NFTs Aren’t Securitiesfinance.yahoo.com · web
1 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Yuga Labs do?
- Yuga Labs is the company behind the Bored Ape Yacht Club (BAYC) NFT collection and ApeCoin (APE).
- Who are Yuga Labs's investors?
- Yuga Labs's investors include 10T Fund, A.Capital Ventures, a16z crypto, Alpha Wave Global, Andreessen Horowitz, Arcane Group, Bond Capital Management, GV (Google Ventures) and 10 more.
- How much funding has Yuga Labs raised?
- Yuga Labs has disclosed $424.1M raised across 1 round.
- Where is Yuga Labs headquartered?
- Yuga Labs is headquartered in Coral Gables, US.