Animoca Brands Raises $65 Million at $2.2 Billion Valuation for Video Games Industry

Animoca Brands is digital entertainment, blockchain, and gamification leading company. It designs and develops a variety of products such as tokens – REVV, SAND, games – The Sandbox, Crazy Kings, and products of popular intellectual properties – Marvel, Poer Rangers, etc.

Among the investment round participants were Liberty City Ventures, Ubisoft Entertainment, Sequoia China, Dragonfly Capital, Com2uS, Kingsway Capital, 10T Holdings, etc. The money raised will be used for strategic investments, product, and intellectual property licenses development.

Animoca Brands was founded in 2014 by Yat Siu in Hong Kong, China. The company’s mission is to create a new asset class while delivering intellectual property rights to gamers and Internet users. Animoca Brands not only develops its own products, but also invests and establishes partnerships with Sky Mavis, Dapper Labs, OpenSea, Harmony, Bitski, and Alien Worlds. According to Yat Siu words, the company with the help of potential investors’ interest was able to connect to the biggest players in the gaming industry.

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