Animoca Brands raises $65M at $2.2B valuation

Animoca Brands, one of the leading companies in the Asia Pacific region in the field of digital entertainment, blockchain and gamification, has raised $65 million at a valuation of $ 2.2billion in its new funding round.

Ubisoft, Sequoia China, Liberty City Ventures, Dragonfly Capital, Com2uS, Kingsway Capital, 10T Holdings, Token Bay Capital, Smile Group, Tess Ventures, MSA Capital, Octava Fund, Adit Ventures, Summer Capital, Sigitech Holdings, Black Anthem Ltd, Mirana Corp and Justin Sun participated in Animoca’s round. 

Animoca Brands said in a statement that it will use the new capital to fund strategic investments and acquisitions, product development, and licenses for popular intellectual properties.

Using blockchain and NFT technologies, the company drives exclusive digital property rights to both players and the metaverse environment. In this way, users get real digital ownership of virtual assets acquired in-game.

The company also has more than 100 investments in the NFT focus. Companies that Animoca Brands has invested in include Concept Art House, OpenSea, Dapper Labs, Bitski, Star Atlas and Axie Infinity

Yat Siu, co-founder and executive chairman of Animoca Brands, commented: “In 2018 we laid out a strategy based on our assessment that in the future digital property rights would revolutionize industries by expanding financial inclusion, and that this significant change would start with NFT adoption in games. That future is already here. With the backing of our new strategic investors, Animoca Brands will continue to advance blockchain in gaming – and beyond – to introduce billions of gamers and Internet users to true digital ownership.”

Written by Jordan Bevan

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