Animoca Brands has seen some impressive growth over the past few years, thanks to its work driving forward the metaverse. This week, the company has managed to secure a further round of funding, this time raising $358,888,888 at a $5 billion valuation.
According to the team, the new funding will contribute towards more of its strategic investments and acquisitions, as well as product development and licensing for new intellectual property on the metaverse.
“We are pleased to see continued and growing support from influential and strategic investors for Animoca Brands’ mission to deliver true digital property rights and build the open metaverse. We have set ourselves the ambitious goals of building an open Web3 and facilitating an open metaverse that expands financial inclusion. In 2021 we saw tremendous growth in this space and Animoca Brands has been one of the forefront leaders in the development of this industry. We believe we are still at the initial stages of a new Internet revolution, and there are tremendous opportunities ahead of us in 2022 and beyond.”Yat Siu, co-founder and executive chairman – Animoca Brands
The round was led by Liberty City Ventures, with other investors including 10T Holdings, C Ventures, Delta Fund, Gemini Frontier Fund, Gobi Partners Greater Bay Area, Kingsway, L2 Capital, Mirae Asset, Pacific Century Group, ParaFi Capital, Provident, Senator Investment Group, Sequoia China, Smile Group, Stable Asset Management, Soros Fund Management, Wildcat Capital Management, Winklevoss Capital, and others.
Speaking on behalf of other investors, Tyler Winklevoss of Winklevoss Capital and Gemini shared that it was the combination of Animoca’s strategic partnership and vision for the future of games on blockchain that inspired Winklevoss Capital, among others, to invest in its vision.
“Animoca Brands has built and developed leading brands in the decentralized gaming and metaverse space. We have tremendous conviction in its vision and are excited to support its mission.”
The new funding stands as a ringing endorsement, both of its vision, but also its successful work in 2021. Over the course of the past year, Animmoca Brands has managed to raise over $216.2 million in order to push forward its vision of digital property rights, especially within the ever-growing metaverse.