Animoca Brands has raised investments of $358 million

Such data is contained in the financial institution’s fourth-quarter report

19.01.2022 - 09:30

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What’s new? The official Twitter account of Animoca Brands, a major game developer, has published news about the completion of an investment round. In total, it managed to raise more than $358 million in funding.

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

“We are humbled to announce we raised $358,888,888 in a round led by Liberty City Ventures. This values Animoca Brands at $5 billion (pre-money). We continue to advance our glorious plans for the NFTs and metaverses. Great things ahead!” this is how Animoca Brands commented on the event.

Who participated? Apart from Liberty City Ventures, which led the round, the companies and funds such as Winklevoss Capital, Sequoia China, Gemini Frontier Fund, 10T Holdings, Soros Fund Management, C Ventures, Pacific Century Group, and others participated in the funding.

What will the funds be used for? Animoca Brands plans to use the funding raised for the company’s further expansion, including new partnerships and strategic investments. The key priorities include the creation of Web 3.0 and the development of an open metaverse.

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