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Kul Bhushan · · 1 min readTencent leads $10m round of Singapore-based collectibles startup
“Singapore’s Mighty Jaxx, a startup that designs and manufactures collectibles and lifestyle products, has raised US$10 million (S$13.57 million) in a Tencent-led funding round,” reported Vulcan Post.
Details:
- With the latest fundraise, which also saw participation from Korea Investment Partners and KB Investment, Mighty Jaxx‘s has raised a little over S$20 million (US$14.8 million) in total to date.
- Prior to this round, the startup received funding from SGInnovate and US-based venture capital firm Greycroft via the GC VR Gaming Tracker Fund.
Dive deeper:
- The nine-year-old startup has sold collectibles under partnerships with global brands like DC Comics, Looney Tunes, Warner Brothers, and Sesame Street, among others.
- Mighty Jaxx recently joined the non-fungible token bandwagon with blockchain-compatible collectibles.
Currency converted from Singapore dollar to US dollar: US$1 = S$1.36
Editing by Collin Furtado and Arpit Nayak
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