Animoca Brands Raises Another $110M For Open Metaverse

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Animoca Brands Twitter announcement said: “Animoca Brands has closed a strategic funding round for US$110 million, led by @Temasek, #Boyu Capital, and @GGVCapital. Other investors include Mirae Asset Management and @TrueGlobalVCs.”

Popular NFT investment firm and metaverse startup, Animoca Brands, has added another feather to its cap by securing new institutional investors.

Earlier today, the company announced it raised another $110 million in funding in a round chaired by new investors, Boyu Capital, Temasek, and GGV Capital.

The investment firm made this known via a tweet;

“Animoca Brands has closed a strategic funding round for US$110 million, led by @Temasek, #Boyu Capital, and @GGVCapital. Other investors include Mirae Asset Management and @TrueGlobalVCs.”

The Australian firm said the fundraising was done as a sale of convertible notes released at a conversion price of AUD 4.50, a little above $3. According to them, this is subject to change based on factors such as liquidation events (like a merger or sale), future potential initial public offering (IPO), or equity financing round.

This recent sale puts the firm at a similar value to its previous funding round. In July, Animoca announced that it was valued at $5.9 billion after it raised $75 million. 

Hence in a statement made by Yat Siu, the Executive Chairman, and co-founder;

“Animoca Brands has grown significantly as a company in the last year, and our new investors will contribute strategic advice and perspective as we build the world’s leading company furthering digital property rights in the Web3 industry.”

Concerning this, the data estimate by Crunchbase states the firm has raised a total of $775 million. This does not include the  $359 million raise announced in January.

Reports show that the company has invested in over 300 start-ups. This includes well-known Web3 and NFT firms like Dapper Labs (NBA Top Shot and Flow blockchain creator), Open Sea, and Sky Mavis. Animoca will also be publishing its games and currently owns three games.

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Written by
Chiagoziem Bede Ikwueze

Animoca Brands Twitter announcement said: “Animoca Brands has closed a strategic funding round for US$110 million, led by @Temasek, #Boyu Capital, and @GGVCapital. Other investors include Mirae Asset Management and @TrueGlobalVCs.”

Popular NFT investment firm and metaverse startup, Animoca Brands, has added another feather to its cap by securing new institutional investors.

Earlier today, the company announced it raised another $110 million in funding in a round chaired by new investors, Boyu Capital, Temasek, and GGV Capital.

The investment firm made this known via a tweet;

“Animoca Brands has closed a strategic funding round for US$110 million, led by @Temasek, #Boyu Capital, and @GGVCapital. Other investors include Mirae Asset Management and @TrueGlobalVCs.”

The Australian firm said the fundraising was done as a sale of convertible notes released at a conversion price of AUD 4.50, a little above $3. According to them, this is subject to change based on factors such as liquidation events (like a merger or sale), future potential initial public offering (IPO), or equity financing round.

This recent sale puts the firm at a similar value to its previous funding round. In July, Animoca announced that it was valued at $5.9 billion after it raised $75 million. 

Hence in a statement made by Yat Siu, the Executive Chairman, and co-founder;

“Animoca Brands has grown significantly as a company in the last year, and our new investors will contribute strategic advice and perspective as we build the world’s leading company furthering digital property rights in the Web3 industry.”

Concerning this, the data estimate by Crunchbase states the firm has raised a total of $775 million. This does not include the  $359 million raise announced in January.

Reports show that the company has invested in over 300 start-ups. This includes well-known Web3 and NFT firms like Dapper Labs (NBA Top Shot and Flow blockchain creator), Open Sea, and Sky Mavis. Animoca will also be publishing its games and currently owns three games.

We're glad you read to this point!

Every week, we publish an email newsletter highlighting all the juicy stories we covered in the crypto space, bringing all the major happenings to your doorstep.

So, if you want to have top stories delivered to your email inbox every week, subscribe to our newsletter!

Written by
Chiagoziem Bede Ikwueze