The developer of games and virtual properties Animoca Brands has doubled its valuation to USD 2.2 billion after closing a new financing round that reached USD 65 million.
The latest round of funding was carried out with a pre-valuation of $ 2.2 billion, and it included backing from gaming giants Ubisoft Entertainment, Liberty City Ventures, Sequoia China, and Dragonfly Capital, to name a few.
It is one more claim for a company that was expelled from the Australian Stock Exchange (ASX) in March 2020, in part because of his involvement with cryptocurrencies.
According to the firm’s Oct. 20 announcement, More than 43.8 million newly issued shares will be distributed to investors at a price of AU $ 2 per share, or US $ 1.51.
We have closed a capital raise for US $ 65 million conducted at a pre-money valuation of US $ 2.2 billion! Investors in the round included Ubisoft, Sequoia China, Dragonfly Capital, and more.https: //t.co/Au7ioVycGy#fundraising #unicorn #OpenMetaverse #DigitalPropertyRights
– Animoca Brands (@animocabrands) October 20, 2021
We have closed a capital increase for USD 65 million carried out with a previous valuation of USD 2.2 billion. Investors in the round include Ubisoft, Sequoia China, and Dragonfly Capital, among others.
Animoca has now raised a total of $ 203.88 million in 2021, and the firm became a cryptounicorn in June., when it raised $ 138.88 million as part of two tranches of a capital increase with a valuation of $ 1 billion.
The brand-focused metaverse and interactive content company said that the latest funding will go to finance “strategic investments and acquisitions, product development and licensing of popular intellectual properties.”.
The co-founder of Animoca, Yat Siu, outlined the company’s vision for digital property and NFTs going forward:
“In 2018 we outlined a strategy based on our assessment that digital property rights would revolutionize industries going forward by expanding financial inclusion, and that this significant change would begin with the adoption of NFT in games. That future is already here. “
“With the backing of our new strategic investors, Animoca Brands will continue to advance blockchain in games – and beyond – to introduce billions of gamers and internet users to true digital ownership. “he added.
This is another sign of the arrival of large amounts of money to companies focused on gaming and virtual ownership of NFTs.
On October 19, Galaxy Interactive, a venture capital firm focused on next-generation interactive technology, announced that it had raised USD 325 million from 70 different investors for its second fund focused on virtual and augmented reality, artificial intelligence and NFT games.
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