Animoca Brands Completes $75 Million Raise To Invest In Blockchain Games

Animoca Brands said it completed the second phase of a $75.32 million funding round from earlier this year that valued the company at $5.9 billion.

Animoca Brands, a leading developer in the blockchain game/metaverse/NFT space, announces that it has raised $75.32 million, raising the company’s valuation to $5.9 billion.

The company has entered into subscription agreements with investors to raise the above amount at a subscription price of AU$4.5 (equivalent to $3.03) per share, for a total of 23,237,058 new shares.

After this funding round, Animoca Brands will have a total of 1,836,142,334 ordinary shares fully paid up in each issuance stage. Investment funds backing Animoca Brands in the latest funding round include Liberty City Ventures, Kingsway Capital, Alpha Wave Ventures, 10T, SG Spring Limited Partnership Fund, Generation Highway Ltd, and Cosmic Summit Investments Limited.

The new capital will be used to further drive strategic acquisitions, investments, and product development, secure licenses for popular intellectual properties, and expand the open metaverse space, through efforts to promote digital ownership for online users.

Animoca Brands Co-Founder and Executive Chairman Yat Siu said:

“Digital property rights represent a society-defining generational shift that impacts everyone online and will set the stage for the emergence of the open metaverse.
We are deeply honored to continue to enjoy strong support from investors as we work to solidify the leadership position of Animoca Brands in the Web3 industry and in the field of true digital ownership.”

Animoca Brands is now very keen to expand the company as the company recently partnered with big brands such as Square Enix and also the famous football team Manchester City FC.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.