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The virtual property and NFT-based game developer Animoca Brands has recently doubled its valuation to attain the mark of $2.2 billion after closing a new funding round that brought $65 million. As revealed, the latest funding round was conducted at a pre-money valuation of $2.2 billion and involved backing from gaming giants Ubisoft Entertainment along with Liberty City Ventures, Sequoia China, and Dragonfly Capital to name a few.
Animoca Brands Raises $65 Million to Attain the $2.2 Billion Valuation Mark
In accordance with the announcement made on October 20 from the company, over 43.8 million newly issued shares are going to be distributed to investors at a price band of AUD $2 per share, or USD $1.51.
As per the data made available, Animoca Brands has managed to raise $203.88 million in the year 2021 amidst the company acquiring the title of a crypto unicorn back in the month of June, when it raised $138.88 million as a segment of two tranches of a capital raise at a valuation of $1 billion.
Yat Siu, the co-founder of Animoca Brands, recently outlined the vision of the company around the growth in NFTs and digital ownership and said:
“In 2018 we laid out a strategy based on our assessment that in the future digital property rights would revolutionize industries by expanding financial inclusion and that this significant change would start with NFT adoption in games. That future is already here.”
In addition to this, he mentioned the importance of support from their strategic investors and said:
“With the backing of our new strategic investors, Animoca Brands will continue to advance blockchain in gaming — and beyond — to introduce billions of gamers and Internet users to true digital ownership.”
Galaxy Interactive Raised Funds Worth $325 Million
Galaxy Interactive, a venture capital firm based on the next-generation interactive technology, made an announcement on October 19, regarding the fundraising round, and revealed that it has managed to raise $325 million from 70 investors.