Animoca Raises $75 Million at $5.9 Billion Valuation

Animoca is digital entertainment, blockchain, and gamification leading company. It was established to develop smartphone and tablet games. Then Animoca started venturing into blockchain, and now 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, Kingsway Capital, and 10T Holdings. This raising is the second tranche of the January funding round. A new infusion will be spent on acquisition funding, product development, and investments. Besides, Animoca plans to secure popular IP licenses and advance the open metaverse.

Animoca, Hong Kong, was founded by Yat Siu in 2014. The company’s mission is to create a new asset class while delivering intellectual property rights to gamers and Internet users. Animoca 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. “There is no question that the fundraising environment has become more challenging, but at the same time the current crypto climate has also enabled some users to gain a better entry point to the open metaverse,” Yat Siu, co-founder and chairman of Animoca. As of now, the company’s portfolio consists of 150 NFT-related projects.

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