Animoca pockets $65m in funding from Ubisoft, Sequoia, others

Animoca Brands, a Hong Kong blockchain-based gaming firm, has raised US$65 million in its latest funding round at a pre-money valuation of US$2.2 billion.

More funding details

• Investors: Top video game developer Ubisoft Entertainment, Liberty City Ventures, Sequoia China, Dragonfly Capital, Com2uS, Kingsway Capital, 10T Holdings, Token Bay Capital, Smile Group, Tess Ventures, MSA Capital, Octava Fund, Adit Ventures, Summer Capital, Sigitech Holdings, Black Anthem, Mirana Corp, and BitTorrent CEO Justin Sun
• Stage: Unspecified

More company updates

• Animoca will use the fresh funds for investments and acquisitions, product development, and licenses for popular intellectual properties.
• The gaming firm recently launched Launchpad Luna, an accelerator for global startups in the blockchain and non-fungible token (NFT) space, through a partnership with venture capital firm Brinc.
• Animoca develops and publishes a portfolio of products and games, aiming to bring digital property rights to gamers via NFTs.
• The company entered the unicorn club after raising US$88.8 million in May through subscription agreements, issuing 93.4 million new shares at a US$1.10 apiece.
• Animoca has invested in NFT-related companies including OpenSea, Dapper Labs, Bitski, Star Atlas, and Axie Infinity. (Read: Axie Infinity faces big test as player earnings fall)

For more coverage about the company, head here. You can also click on the link below to view the company’s key details and funding history.