Animoca Brands achieves unicorn status with $88m raise

Hong Kong blockchain-based gaming firm Animoca Brands has entered unicorn teritory after raising US$88.8 million in its latest funding round.

More funding details

• Investors: Kingsway Capital, RIT Capital Partners (formerly Rothschild Investment Trust), HashKey Fintech Investment Fund, AppWorks Fund, LCV Fund, Huobi, Octava, Ellerston Capital, Perennial, Axia Infinity Ventures, SNZ, Liberty City Ventures, and Metapurse
• Stage: Unspecified

More company updates

• The raise was done through subscription agreements, with 93.4 million new, ordinary, and fully-paid shares of Animoca Brands issued at a subscription price of A$1.10 apiece.
• The new unicorn wants to use the new capital to fund further acquisitions, develop new products, make strategic investments, and secure additional intellectual property licenses.
• Animoca Brands develops and publishes a portfolio of products and games, and it aims to bring digital property rights to gamers via non-fungible tokens.
• The company went public on the Australian Securities Exchange in 2015, but was taken off the exchange last year due to governance, personnel, and non-compliance issues.

For more coverage of the company, head here. You can also click on the link below to view key details about the company, as well as its funding history.