![]() When Animoca Brands was founded in 2014, it mainly focused on developing games for smartphones and tablets. MORE FROM CEN Animoca Brands: Blockchain Gaming Giant Says Web3 Future Is Not Far Away Through Robert Olsen The capital will be used to continue funding strategic acquisitions, investments, product development, secure intellectual property licensing and expansion into the open metaverse. It was delisted from the Australian Securities Exchange in March 2020 for violating the exchange’s listing rules. But Animoca Brands added that it has not set out neither the timetable nor the place of residence for the listing. Temasek, GGV and Boyu Capital will engage and advise Animoca Brands on a range of business issues, especially organization, process and governance, enabling it to become “pre-IPO ready,” according to the blockchain gaming company. “Our new investors will contribute strategic advice and perspective as we build the world’s leading company promoting digital property rights in the Web3 industry.” “We are incredibly excited to complete a special strategic fundraising round featuring some of the most respected institutional investors in the world,” said Yat Siu, Co-Founder and Chairman of Animoca Brands. ![]() Animoca Brands’ valuation remains at about $5.9 billion, it said. Other participants include existing investors Mirae Asset Management and True Global Ventures. The latest funding round is being led by Singaporean state investment firm Temasek, as well as US venture capital firm GGV Capital and Chinese private equity firm Boyu Capital, according to a company statement released Thursday. Yat Siu, co-founder and president of Animoca Brands.Īnimoca Brands, the Hong Kong-based blockchain gaming developer and prominent investor in crypto projects, has raised $110 million in funding by issuing convertible notes as the company lays the groundwork for a potential IPO.
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