Web3 Investor Animoca Brands Raises Another $110M for Open Metaverse

[Jaya60]

Animoca, a leading investment firm and NFT game publisher, just added to its coffers via some fresh institutional investors. Animoca Brands, a leading investor in NFT and metaverse-centric startups, today announced that it has raised an additional $110 million in funding in a round led by new institutional investors Temasek, Boyu Capital, and GGV Capital.

According to the Australian firm, the fundraise was conducted as a sale of convertible notes issued at a conversion price of AUD $4.50 (just over US$3.00 at present), although it’s subject to conditions concerning a future potential initial public offering (IPO), liquidation event (such as merger or sale), or equity financing round.more