Animoca Brands raised $ 359 million, bringing its valuation to $ five.five billion

Animoca Brands, developer and investor of Blockchain / NFT / metaverse video games, has launched a new funding round, doubling the company’s valuation in just 4 months.

On the evening of January 18, Animoca Brands announced that it has efficiently raised $ 359 million from a lot of big money, which includes Liberty City Ventures, Winklevoss Capital, Soros Fund Management and 10T Holdings. The valuation of the developer and investor of blockchain / NFT / metaverse video games is set at $ five.five billion.

We are honored to announce that we raised USD 358,888,888 in a round led by @LCVentures. This values ​​Animoca Brands at $ five billion (pre-currency). We carry on to carry out our glorious programs for the #openmetaverso And #NFT. Great items ahead! Press release right here: https://t.co/5UF1GqvzBm pic.twitter.com/X74xgep1OQ

– Brands Animoca (@animocabrands) January 18, 2022

Notably, this is Animoca Brands’ 2nd fundraiser in the previous four months. Previously, in October 2021, Animoca efficiently raised $ 65 million at a valuation of $ two.two billion.

Animoca Brands intends to use the newly raised cash for investment, merchandise improvement and registration of intellectual residence rights. Currently, the company’s portfolio consists of a lot more than 150 gaming and NFT tasks, with a lot of big names this kind of as Axie Infinity, Dapper Labs, OpenSea and The Sandbox.

Since the NFT gaming fever begun in July 2021, followed by the wave of the metaverse, Animoca Brands has attained a good deal of accomplishment with the orientation of currently being the foremost incubator for tasks in these fields.

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