Being an active investor in the crypto industry, Temasek is going to lead a $100 million funding round. As of March, Temasek’s net portfolio stood at $403 billion. The investment will be made via convertible bonds. Previously Animoca raised $75 million in a round that was led by Liberty City Ventures, 10T, and Kingsway Capital.
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. “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.