Animoca Brands Raises $100 Million From Temasek
Animoca Brands has raised $100 million from Temasek, a Singapore government investment fund, in convertible bonds.
Temasek will fund Animoca Brands in the form of convertible bonds. A convertible bond is a bond that the holder can convert into common stock of the issuing company or cash of equivalent value. This fundraising method is often used when the company does not want to dilute its stock or is unable to raise more equity.
Investors in the company’s July funding round include Liberty City Ventures, Kingsway Capital, Alpha Wave Ventures, 10T, SG Spring Limited Partnership Fund, Generation Highway Ltd, Cosmic Summit Investments Limited…
The Singapore Government Investment Fund, which has a portfolio of $403 billion under management as of March, is an active player in the crypto space. Temasek led Amber Group’s $200 million funding round in February and entered FTX.US’s $400 million Series A round in January.
In July, Animoca Brands raised the company’s valuation to nearly $6 billion after a $75 million fundraising round. Animoca Brands raises $45 million from one of Japan’s oldest banks with 360 years of history, MUFG Bank, on August 26, marking the company’s growth in the blockchain games industry.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Animoca Brands Raises $100 Million From Temasek
Animoca Brands has raised $100 million from Temasek, a Singapore government investment fund, in convertible bonds.
Temasek will fund Animoca Brands in the form of convertible bonds. A convertible bond is a bond that the holder can convert into common stock of the issuing company or cash of equivalent value. This fundraising method is often used when the company does not want to dilute its stock or is unable to raise more equity.
Investors in the company’s July funding round include Liberty City Ventures, Kingsway Capital, Alpha Wave Ventures, 10T, SG Spring Limited Partnership Fund, Generation Highway Ltd, Cosmic Summit Investments Limited…
The Singapore Government Investment Fund, which has a portfolio of $403 billion under management as of March, is an active player in the crypto space. Temasek led Amber Group’s $200 million funding round in February and entered FTX.US’s $400 million Series A round in January.
In July, Animoca Brands raised the company’s valuation to nearly $6 billion after a $75 million fundraising round. Animoca Brands raises $45 million from one of Japan’s oldest banks with 360 years of history, MUFG Bank, on August 26, marking the company’s growth in the blockchain games industry.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
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