Animoca Brands just announced that it has officially closed a strategic funding round for $110 million US dollars. The funding round was led by Temasek, Boyu Capital, and GGV Capital, with participation from existing investors Mirae Asset Management and True Global Ventures (TGV).
The strategic consortium of new investors, formed by Temasek, Boyu Capital, and GGV Capital, will apparently provide advice to Animoca as it continues to grow and build its organizational capabilities. This will include engaging and advising Animoca on a range of business issues as well as providing input on its business and capital plans.
Yat Siu, co-founder and executive chairman of Animoca, commented, “We are incredibly pleased to complete a special strategic round of fundraising comprising several of the most respected institutional investors in the world, and we are honored by the continued support from existing investors. Animoca Brands has grown significantly as a company in the last year, and our new investors will contribute strategic advice and perspective as we build the world’s leading company furthering digital property rights in the Web3 industry.”
