Animoca Brands just announced they have completed a capital raise of over $75 million dollars. The current raise is the second tranche of the funding previously announced on the 18th of January 2022, which was extended to accommodate due diligence processes.
Investors in the current tranche included 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 stated they will use the new capital to continue to fund strategic acquisitions, investments, and product development, and secure licenses for popular intellectual properties to advance the “open metaverse”.
The company has clearly established itself as one of the world’s leading technology groups in blockchain and gaming. They have done so by spearheading and innovating decentralized in-game rewards and monetization in video games for the emerging “open metaverse”.
Yat Siu, co-founder and executive chairman of Animoca Brands, commented: “Digital property rights represent a society-defining generational shift that impacts everyone online and will set the stage for the emergence of the open metaverse. We are deeply honored to continue to enjoy strong support from investors as we work to solidify the leadership position of Animoca Brands in the web3 industry and in the field of true digital ownership.”
