VPNAcquire AccountSubscribeSubmit DAPP
Switch Language:
Home > News > context

Animoca Brands raises $110 million in funding round led by Temasek, Boyu & GGV Capital

While we reported recently on Temasek’s joining of Animoca Brands’ new funding round. Animoca Brands has successfully closed its strategic funding round of $110 million. Hosting new investors like Temasek, Boyu and GGV Capital, the funding round was made possible through the issuance of convertible notes to a small number of institutional investors.

The strategic consortium of new investors, formed by Temasek, Boyu Capital and GGV Capital, will provide advice to the Company as it continues to grow and build its organisational capabilities. This will include engaging and advising the Company on various business issues and providing input on its business and capital plans.

Yat Siu, co-founder and executive chairman of Animoca Brands, commented, “We are incredibly pleased to complete a special strategic round of fundraising comprising several of the most respected institutional investors in the world, and we are honored by the continued support from existing investors. 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.”

Animoca Brands will use the new capital to fund strategic acquisitions, investments, and product development, secure licenses for popular intellectual properties, and advance the open metaverse through its efforts to promote digital property rights for online users.

Interested in Block Chain Game, Welcome to JBB.ONE
Comments
0 / 1000
Latest Updates
Square Enix reiterates its commitment to NFT and blockchain exploration
Square Enix reiterates its commitment to NFT and blockchain exploration
China unveils its first regulated NFT marketplace
China unveils its first regulated NFT marketplace
NFT Cuba art range blocked by OpenSea on account of US Sanctions
NFT Cuba art range blocked by OpenSea on account of US Sanctions
Breaking News
Square Enix reiterates its commitment to NFT and blockchain exploration
Square Enix reiterates its commitment to NFT and blockchain exploration
China unveils its first regulated NFT marketplace
China unveils its first regulated NFT marketplace
NFT Cuba art range blocked by OpenSea on account of US Sanctions
NFT Cuba art range blocked by OpenSea on account of US Sanctions
Pokémon takes Australian company to court for NFT series
Pokémon takes Australian company to court for NFT series
My Neighbor Alice has released its game version 2.0
My Neighbor Alice has released its game version 2.0
The state of blockchain gaming
The state of blockchain gaming
Nümi Tribe welcomes new creators and metaverse enthusiasts to its community
Nümi Tribe welcomes new creators and metaverse enthusiasts to its community
Animoca Brands buys majority stake in music metaverse – PIXELYNX
Animoca Brands buys majority stake in music metaverse – PIXELYNX
Burn Ghost successfully raises $3.1 million in funding
Burn Ghost successfully raises $3.1 million in funding