Blockchain game publisher Animoca Brands announced that the company has raised $110 million in a funding round led by Temasek, Boyu Capital and GGV Capital The company announced that it has raised $110 million in a funding round led by Temasek, Boyu Capital, and GGV Capital. The company raised the funds by issuing convertible bonds to a handful of institutional investors.
Animoca Brands raises $110 million from strategic investors
Animoca Brands raised another $110 million this month after securing $100 million from Temasek and others at the end of AugustThe company raised $100 million from Temasek and others at the end of August; the latest capital raise, announced on September 8, described Temasek, Boyu Capital, and GGV Capital as leading the round, with Mirae Asset Management and True Global Ventures also participating The company is also reported to have participated by Mirae Asset Management and True Global Ventures.
Hong Kong-based crypto games, NFT, and venture capital firmAnimoca Brands (AB) was able to grow through many investment rounds during the crypto winter. Animoca Brands KK (Animoca Brands Japan ), known asits Japanese subsidiary, raised $45 million from Japan’s largest investor. The company raised $45 million from Japan’s largest bank, MUFG, the parent company of Animoca Brands KK, AB.
In the latest announcement revealed Thursday, Animoca Brands announced that Temasek, Boyu Capital, and GGV Capital have provided the company with advising, and said the companies will provide input on “Animoca Brands'” business and capital plans.Web3 and the blockchain game publisher will use the fresh capital to “secure strategic acquisitions, investments, product development, and licensing for its popular intellectual property.” plans to.
Additionally, an announcement sent to Bitcoin.com News details the company’s aim to enhance the open metaverse; Yat Siu, co-founder and executive chairman of Animoca Brands, details the company’s remarkable growth over the past 12 months. growth over the past 12 months.
“Animoca Brands has grown tremendously as a company in the last year. Our new investors will contribute strategic advice and perspective as we build one of the world’s leading companies promoting digital property rights in the Web3 industry,” Siu said in a statement.
Web3, NFT market, and interest declined, reports say the company is considering an IPO
Non-fungible tokens (NFTs) and Web3 have seen a considerable drop in market value and overall interest in 2022 from last year’s highs. Over the past 30 days,. cryptoslam.io’s NFT sales datashows that monthly NFT sales reached $543.77 million, 20.05% lower than the previous month’s $680.12 million.
In Google Trends (GT), the search term “” is referred to as “Web3” Web3″ hit a high score of 100 for the week of December 19-25, 2021; data from September 4-10, 2022 shows that “Web3 ” query received a GT score of 67 worldwide today. The search term “” is even lower as the NFT” shows a score of about 14 for the week of September 4-10.
Animoca Brands has managed to stave off the downturn as it has gained a war chest over the past two years, securing $75 million in mid-July. Forbesreportsthat Animoca Brands is considering a potential initial public offering (IPO), while Crunchbase’sdatashows that the blockchain game publisher and web3 company, founded in 2014, has have raised $775.3 million since then.
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