Total amount raised
$863.2 Millions
Latest funding date
6/1/2024
Location
Animoca Brands has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The company is at the forefront of the metaverse and gaming industry, offering a range of innovative products and services.
Keep reading to explore the intricacies of Animoca Brands' fundraising journey and the investors backing this pioneering platform.
What Is Animoca Brands?
Founded in 2014, Animoca Brands is a pioneering company in the metaverse and gaming industry. Based in Hong Kong, the company focuses on driving digital property rights through NFTs and blockchain technology.
Yat Siu, the founder, has led the company to develop a diverse portfolio of mobile applications, games, and educational products. Animoca Brands is committed to building an open metaverse by leveraging gamification and blockchain.
With a team of 101-250 employees, Animoca Brands continues to innovate and expand its influence in the digital economy. The company is dedicated to creating new business models and ensuring transparency and security in the digital space.
How Much Funding Has Animoca Brands Raised?
- Amount Raised: $358.9M
- Date: January 2022
- Lead Investors: Liberty City Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand its portfolio and accelerate growth in the metaverse and gaming sectors.
- Amount Raised: $75M
- Date: July 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the development of new blockchain-based games and applications.
- Amount Raised: $110M
- Date: September 2022
- Lead Investors: GGV Capital, Hive Empire Capital, Temasek Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance its blockchain infrastructure and expand its market reach.
- Amount Raised: $16M
- Date: September 2022
- Lead Investors: True Global Ventures (TGV)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To acquire strategic assets and strengthen its position in the market.
- Amount Raised: $5M
- Date: September 2022
- Lead Investors: True Global Ventures (TGV)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund ongoing projects and explore new opportunities in the metaverse.
- Amount Raised: $20M
- Date: September 2023
- Lead Investors: NEOM
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the development of enterprise Web3 services and nurture the local Web3 ecosystem.
- Amount Raised: $11.9M
- Date: October 2023
- Lead Investors: NEOM
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further its strategic partnership with NEOM and advance Web3 technologies.
- Amount Raised: $20M
- Date: November 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and innovation in the metaverse and gaming sectors.
- Amount Raised: $5M
- Date: June 2024
- Lead Investors: Futureverse
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To promote regional Web3 development and expand its market presence.
Total Amount Raised: $621.8M. Current Valuation: Not publicly disclosed.
Key Investors
- Liberty City Ventures
- Details: Liberty City Ventures is a venture capital firm based in New York City. They focus on investing in early-stage companies in the blockchain and digital currency sectors.
- Investment Focus Areas: Blockchain, digital currency, fintech
- Notable Investments: Paxos, BitGo, BlockFi
- NEOM
- Details: NEOM is a smart city project in Saudi Arabia, part of the Saudi Vision 2030 plan, and owned by the Public Investment Fund. The project aims to transform a 26,500 sq km area in northwestern Saudi Arabia into a high-tech trade hub powered by clean energy.
- Investment Focus Areas: Innovation, technology, clean energy
- Notable Investments: US$50 million in Animoca Brands
- GGV Capital
- Details: GGV Capital is a global venture capital firm that invests in seed-to-growth stage companies. They have offices in the U.S., China, and Singapore.
- Investment Focus Areas: Consumer, enterprise, fintech, frontier tech
- Notable Investments: Airbnb, Alibaba, Slack
- True Global Ventures (TGV)
- Details: True Global Ventures is a global venture capital firm that invests in serial entrepreneurs in the blockchain, AI, and fintech sectors. They have a strong focus on companies that leverage technology to create new business models.
- Investment Focus Areas: Blockchain, AI, fintech
- Notable Investments: Ledger, The Sandbox, Animoca Brands
- Temasek Holdings
- Details: Temasek Holdings is a Singaporean investment company owned by the government of Singapore. They manage a diversified global portfolio across various sectors.
- Investment Focus Areas: Financial services, telecommunications, media, technology
- Notable Investments: Alibaba, GIC, DBS Bank
What's Next for Animoca Brands?
Animoca Brands is poised to capitalize on a significant opportunity with a $50 million investment from a Saudi state project aimed at promoting regional Web3 development. This collaboration with Neom Company aligns with Saudi Vision 2030, positioning Animoca Brands to be a key player in the burgeoning Middle Eastern Web3 sector.
Future fundraising opportunities seem promising, as the successful securing of this investment could attract additional funding from other state projects or private investors. However, challenges such as navigating regulatory environments and ensuring the scalability of Web3 technologies may arise. Despite these hurdles, Animoca Brands' strategic partnerships and innovative approach place them in a strong position for continued growth and expansion.
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