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Animoca Brands raised $358.9 million at a valuation of $5 billion

Animoca Brands raised $358.9 million at a valuation of $5 billion

Hong Kong-based NFT game developer Animoca Brands has raised $358,888,888. The round was led by Liberty City Ventures.

We are humbled to announce we raised US$358,888,888 in a round led by @LCVentures. This values Animoca Brands at US$5 billion (pre-money). We continue to advance our glorious plans for the #openmetaverse and #NFTs. Great things ahead! Press release here: https://t.co/5UF1GqvzBm pic.twitter.com/X74xgep1OQ & ; Animoca Brands (@animocabrands) January 18, 2022

Animoca Brands pre-investment round (pre-money) valuation was $5 billion.

10T Holdings, C Ventures, Gemini Frontier Fund, L2 Capital, Pacific Century Group, ParaFi Capital, Provident, Sequoia China, Soros Fund Management, Winklevoss Capital and others also provided funding.

Animoca Brands will use the funds raised to make strategic investments and acquisitions, develop products and license intellectual property.

"We have set ambitious goals to create Web 3.0 and promote an open meta-universe that expands financial accessibility. [...] We believe we are still in the early stages of the new Internet revolution, and there are tremendous opportunities ahead of us in 2022," said Animoca Brands co-founder and chairman Yat Siu.

The company is the developer of NFT games F1 Delta Time, The Sandbox and others. It is actively investing in the non-interchangeable token market, including OpenSea, Dapper Labs, Bitski, Star Atlas and Axie Infinity projects.

During 2021, Animoca Brands announced a number of major ivestruns. The developer raised $88.9 million from Rothschild Dynasty fund RIT Capital Partners, Huobi and other investors in May, $50 million in July and $65 million in October at a valuation of $2.2 billion.

As a reminder, in September the company entered into a binding agreement to purchase a majority stake in the NFT platform Bondly.

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