Animoca Brands is a big player in metaverse and blockchain games. has officially released details of the funding led by Temasek from Singapore.
Animoca announced Thursday that The company has closed a $110 million strategic funding round from issuing convertible notes to a small number of institutional investors.
New investors in this round include Temasek, Boyu Capital and global venture capital firm GGV Capital, which have formed a new strategic investor group. Its goal is to advise the company as it continues to grow and build its organizational structure.
Temasek, Boyu and GGV are now expected to contribute and advise Animoca on a wide range of business issues. including providing information about the company’s business and capital increase
In addition, the same investors in this round It also includes South Korean investment giant Mirae Asset Management and venture capital firm True Global Ventures.
Animoca is planning to use the new capital to conduct strategic investments for acquisitions, develop new products, and secure licenses for intellectual property. The company is also targeting advances in the open metaverse, including efforts to promote digital asset rights for online users.
Yat Siu, Animoca Brands Co-Founder and Executive Chairman, highlighted the importance of participation in this round by leading global institutions, saying: “Our new investor. will provide strategic advice and perspective as we build the world’s leading companies to promote digital asset rights in the Web3 industry.”
Temasek is a well-known crypto-related investor. He has participated in several investment rounds in large crypto companies, including Binance and Amber Group.
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