Shadine Taufik · · 1 min readAnimoca Brands to launch $2b metaverse fund
Hong Kong-based VC and software company Animoca Brands is planning to launch a US$2 billion fund to finance metaverse businesses, co-founder Yat Siu told Nikkei Asia.
The firm has made a staggering 66 investments in the first half of 2022, making the record for the most done in the cryptocurrency space.
Animoca Brands was valued at US$5.9 billion last July after raising US$75.3 million. In early September, the firm received a US$110 million round from investors, including Temasek and GGV Capital, and a US$21 million injection later in the month.
The company also announced the release of its new edtech NFTs. These were launched through its unit TinyTap, which the company acquired for US$39 million in June.
Founded in 2014, Animoca has over 340 portfolio investments.
See also: Animoca looks to forge metaverse rules with Web2 giants amid war of words (Updated)
Editing by Deepti Sri and Jaclyn Tiu
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