Animoca Brands raises $75M at $5.9B valuation

Animoca Brands raises $75M at $5.9B valuation

Animoca Brands raises $75M at $5.9B valuation

Blockchain gaming operator Animoca Brands raises $75.32M, company's preliminary valuation reaches $5.9B

The funding is a continuation of a January round that saw the firm raise about $359 million. for the second tranche necessitated additional compliance checks.

Companies backing Animoca Brands include Kingsway Capital, Alpha Wave Ventures, 10T, SG Spring Limited Partnership Fund, Generation Highway Ltd, Cosmic Summit Investments Limited, and Liberty City Ventures.

The firm will use the funds raised to finance further strategic acquisitions, product development, digital property licenses, and promotion of the open metaverse.

«Digital property rights represent a society-defining generational shift that affects everyone on the internet and sets the stage for the emergence of an open metaverse,» said Yat Siu, executive chairman and co-founder of Animoca Brands.

The Hong Kong-based firm is the publisher of a number of games such as The Sandbox, Crazy Kings and Crazy Defense Heroes, as well as digital intellectual property products. Animoca Brands owns several subsidiaries, including Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Grease Monkey Games, Eden Games, Darewise, Notre Game, and TinyTap.

The firm is actively investing in projects in the industry web3. Her portfolio includes more than 340 positions, including Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas and others.

Recall for the first quarter of 2022, the volume of investments in blockchain games amounted to $2.5 billion against $4 billion for the entire previous year.

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