The investment round is an extension of January boost of $358 million, when Animoca’s valuation was $5 billion. Among the round investors are Liberty City Ventures, Kingsway Capital, Alpha Wave Ventures, 10T, SG Spring Limited Partnership Fund, Generation Highway Ltd, Cosmic Summit Investments Limited, and others.
Animoca Brands 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.
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.
