By Rick Mitchell
Proskauer Rose said it served as primary legal adviser to Doodles on the non-fungible token startup’s funding round, which was led by Reddit co-founder Alexis Ohanian’s venture firm Seven Seven Six.
Proskauer said the round, Doodles’ first ever, also had participation from 10T Holdings, Acrew Capital, and FTX Ventures, and closed with $54 million. It valued the company at $704 million.
Launched in October 2021, Doodles has generated nearly $500 million in sales, making it one of the most valuable NFT collections on the market, according to a statement.
Doodles plans to use financing from the fundraise to expand through …
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