Animoca Brands raises $65M at $2.2B valuation from Ubisoft, Sequoia China, Dragonfly Capital, others
Wednesday, October 20, 2021
(Press Release) – Animoca Brands, the company driving digital property rights via NFTs and gaming to build the open metaverse, today announced that it has closed a capital raise for US$65 million (approximately A$87.7 million) conducted at a pre-money valuation of US$2.2 billion.
Investors in the round included Liberty City Ventures, Ubisoft Entertainment, Sequoia China, Dragonfly Capital, Com2uS, Kingsway Capital, 10T Holdings, Token Bay Capital, Smile Group, Tess Ventures, MSA Capital, Octava Fund, Adit Ventures, Summer Capital, Sigitech Holdings, Black Anthem Ltd, Mirana Corp, and Justin Sun.
Animoca Brands is bringing digital property rights to online users, primarily for consumer video game players and the metaverse, through the use of blockchain and non-fungible tokens (NFTs); these technologies enable the true digital ownership of users’ virtual assets and data, and offer various play-to-earn capabilities, asset interoperability, and DeFi/GameFi opportunities.
The new capital will be used to fund strategic investments and acquisitions, product development, and licenses for popular intellectual properties.
