The Sandbox Owner Animoca Brands Raises $75 Million at $5.9 Billion Valuation – CoinCheckup Blog


Animoca Brands iamge cover

Key takeaways:

  • Animoca Brands, a blockchain gaming and venture capital company, has raised $75 million in the latest funding round
  • The new capital raise puts the company’s pre-money valuation at $5.9 billion
  • Animoca Brands’ valuation more than doubled in the past year despite the broader crypto downturn

Animoca Brands’s pre-money valuation grew from $2.2B to $5.9B in the past 9 months

Animoca Brands, a Hong Kong-headquartered blockchain gaming and venture capital firm, announced on Tuesday that it raised over $75 million in its latest financing round. The round – which was led by Liberty City Ventures and saw participation from 10T Holdings, C Ventures, Delta Fund, and others – was the second portion of the financing that was originally announced in January. At the time, the company raised more than $358 million “to grow the open metaverse.”

According to the press release, investors bought were able to acquire shares of Animoca Brands at a subscription price of A$4.50 (roughly $3.03 USD). With a total number of shares of more than 1.8 billion, the company’s pre-money valuation currently stands at $5.9 billion. 

Emil Woods, managing partner of Liberty City Ventures, the leading investors in the latest funding round, had this to say about Animoca Brands’s long-term prospects:

“Over the next decade, humanity will discover and embrace the game-changing power that blockchain-based digital ownership of assets will bring to countless aspects of daily life. We are proud to support Animoca Brands, a highly talented team of visionaries and builders at the forefront of this movement to embrace and fulfill the promise of Web3.”

Animoca Brands is perhaps best known for its role as a developer and the owner of The Sandbox, one of the most popular blockchain-powered metaverse games in the industry. In addition, the company has a growing portfolio consisting of prominent crypto companies such as OpenSea, Axie Infinity, NBA Top Shot, Harmony, and over 300 other projects.

Last October, Animoca Brands raised $65 million at $2.2 billion pre-money valuation in a venture round co-led by Token Bay Capital, Summer Capital, and Dragonfly Capital.


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