Animoca Brands raises $65 million at a $2.2 billion valuation

Hong Kong-based blockchain-game developer Animoca Brands announced a financing round of $65 million, valuing the company at $2.2 billion.

Among the investors were Liberty City Ventures, Ubisoft Entertainment, Sequoia China, Dragonfly Capital, Com2uS, Kingsway Capital, 10T Holdings, Tron founder Justin Sun, and others.

The funds will be used to finance strategic investments, product development, and intellectual-property licensing.

According to co-founder and chairman Yat Siu, the company has leveraged investor interest to forge relationships with major players in the traditional gaming space.

Animoca Brands is the developer of NFT games F1 Delta Time, The Sandbox, and others. The company actively invests in the NFT market, including projects such as OpenSea, Dapper Labs, Bitski, Star Atlas and Axie Infinity.

In May the company raised $88.9 million from Rothschild family fund RIT Capital Partners, Huobi and other investors.

In July the company received another $50 million from Coinbase Ventures, Samsung Venture Investment Corporation, Blue Pool Capital and others.

In September the developer signed a binding agreement to purchase a controlling stake in NFT platform Bondly.

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