In Brief:
- Animoca Brands has closed a capital raised for $65M at $2.2B valuation.
- It includes various investors like Liberty city ventures, ubisoft entertainment, dragonfly capital much more.
- The company expanded its portfolio including over 100 NFT-related companies including Opensea, Dapper Labs
A prominent investor in non-fungible tokens(NFT) and blockchain game developer Animoca brands has closed a capital raise for $65M at a $2.2B valuation.
According to the announcement, various investors included Liberty City Ventures, Ubisoft Entertainment, Sequoia China, Dragonfly Capital, Com2us, 10T, Token Bay Capital, Smile Group.
The new capital is utilized to fund strategic investment, acquisitions, product development, and licenses for popular intellectual properties. The company is estimated to generate US$175.8 billion in 2021. In a few years, Animoca has established itself as one of the world-leading technology groups in blockchain and gaming. In July 2021 it also raised $138.8 million on the strength of its plan to deliver digital property via NFTs
The company expanded its portfolio including over 100 NFT-related companies including Opensea, Dapper Labs, Star Atlas, Axie Infinity. Additionally, it also owns multiple subsidiaries including Sandbox, Blowfish Studios, nWay, Lympo.
“With the backing of our strategic investors, Animoca brands will continue to advance blockchain in gaming and beyond to introduce billions of gamers and internet users to true digital ownership,” said Yat Siu, co-founder and executive chairman of brands.
