Animoca Brands, the company driving digital property rights via NFTs and gaming to build the open metaverse, has raised $358.8 million at a pre-money valuation of $5 billion.
The new funding round was led by Liberty City Ventures, with other investors including 10T Holdings, C Ventures, Delta Fund, Gemini Frontier Fund, Gobi Partners Greater Bay Area, Kingsway, L2 Capital, Mirae Asset, Pacific Century Group, ParaFi Capital, Provident, Senator Investment Group, Sequoia China, Smile Group, Stable Asset Management, Soros Fund Management, Wildcat Capital Management, Winklevoss Capital, and others.
Today’s news comes just three months after Animoca Brands raised $65 million at a $2.2 billion valuation. During the course of 2021, the company raised $216.28 million.
Yat Siu, co-founder and executive chairman of Animoca Brands, commented: “We are pleased to see continued and growing support from influential and strategic investors for Animoca Brands’ mission to deliver true digital property rights and build the open metaverse.
Animoca Brands stated that the company will use the funding to continue funding strategic acquisitions and investments, product development, and licenses for popular intellectual properties.
“We have set ourselves the ambitious goals of building an open Web3 and facilitating an open metaverse that expands financial inclusion. In 2021 we saw tremendous growth in this space and Animoca Brands has been one of the forefront leaders in the development of this industry. We believe we are still at the initial stages of a new Internet revolution, and there are tremendous opportunities ahead of us in 2022 and beyond.” Siu added.
Animoca Brands and subsidiaries offer a broad portfolio of game products, both centralized and decentralized, branded and original, with coverage across most primary platforms including mobile devices, game consoles, PC, web, and blockchain. Products include games ranging from hyper-casual to hardcore, as well as collectibles, utility tokens, esports titles, and more.