NFT games developer Animoca Brands raised $ 65 million with a valuation of $ 2.2 billion

NFT games developer Animoca Brands raised $ 65 million with a valuation of $ 2.2 billion

Hong Kong blockchain gaming provider Animoca Brands announces $ 65 million in funding. Company valuation reaches $ 2.2 billion. 

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

Investors included Liberty City Ventures, Ubisoft Entertainment, Sequoia China, Dragonfly Capital, Com2uS, Kingsway Capital, 10T Holdings, Tron founder Justin Sun and others.

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The funds will be used to finance strategic investments, product development and intellectual property licenses.

According to Yata Siu, co-founder and chairman of Animoca Brands, the company used interest from potential investors to forge connections with major players in the traditional gaming space.

Animoca Brands is the developer of F1 Delta Time, The Sandbox and more NFT games. The company actively invests in the non-fungible token market, including projects such as OpenSea, Dapper Labs, Bitski, Star Atlas and Axie Infinity. 

In May, Animoca Brands raised $ 88.9 million from the Rothschild dynasty fund RIT Capital Partners, Huobi and other investors.

In July, the company received another $ 50 million from Coinbase Ventures, Samsung Venture Investment Corporation, Blue Pool Capital and others.

In September, the developer entered into a binding agreement to purchase a controlling stake in the Bondly NFT platform.

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