Hong Kong–based NFT game developer Animoca Brands raised $358,888,888. The round was led by Liberty City Ventures.
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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
The valuation of Animoca Brands prior to the investment round (pre-money) stood at $5 billion.
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Funding was also provided by 10T Holdings, C Ventures, Gemini Frontier Fund, L2 Capital, Pacific Century Group, ParaFi Capital, Provident, Sequoia China, Soros Fund Management, Winklevoss Capital and others.
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Animoca Brands will deploy the capital to pursue strategic investments and acquisitions, develop products, and license intellectual property.
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\”We have set ourselves ambitious goals for creating Web 3.0 and advancing an open metaverse that broadens financial inclusion. … We believe we are still at the early stages of a new Internet revolution, and enormous opportunities await us in 2022,\” said the co-founder and chairman of Animoca Brands, Yat Siu.
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The company is the developer of NFT games such as F1 Delta Time, The Sandbox, and others. It actively invests in the non-fungible token market, including projects such as OpenSea, Dapper Labs, Bitski, Star Atlas and Axie Infinity.
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During 2021, Animoca Brands announced a series of major venture rounds. In May, the developer raised $88.9 million from Rothschild family fund RIT Capital Partners, Huobi and other investors; in July — $50 million, in October — $65 million at a $2.2 billion valuation.
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In September, the company signed a binding agreement to acquire a controlling stake in NFT platform Bondly.
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