Immutable raised $200 million in Series-C funding led by Temasek
Developers of Gods Unchained, Immutable, has raised over $200 million in Series C funding this past week. This new funding, which was led by Temasek, has also meant that the company now boasts a market valuation of $2.5 billion.
James Ferguson, Immutable’s CEO, had the following to say in a post on LinkedIn: “A deep thank you to our team, partners and community on getting the company to where it is today. We’ve done a lot over the past 4 years, but it’s nothing compared to what we’re building today.”
Additional investors in this funding round included Mirae Asset, ParaFi Capital, Declaration Partners, Tencent Holdings and others, according to Immutable.
The underlying valuation is a surprising six-fold increase from its previous valuation of $410 million back in 2021.
In the company’s announcement on LinkedIn, the raised capital will be used in order to achieve the following:
– Global expansion w/ 200+ new hires in 2022
– Meeting the increasing demand for Immutable X & partners
– Expanding our studio content, Gods Unchained & Guild of Guardian to millions of players
According to James Ferguson’s post on the same subject, the company’s staff-up consists of a further 160 roles the team is looking to fill.
While the company is more commonly known for its NFT-based fantasy card game, Gods Unchained, and its mobile-based Guild of Guardians, Immutable X is the team’s dedicated platform for developers to build on a more readily scalable and environmentally conscious blockchain network.
Be sure to check out Immutable by visiting the website here.