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Blockchain gaming operator Animoca Brands has raised $100 million in convertible bonds to be acquired by Singapore-owned Temasek firm. Bloomberg writes about it, citing knowledgeable sources. The parties
Blockchain gaming operator Animoca Brands has raised $100 million in convertible bonds to be acquired by Singapore-owned Temasek firm. Bloomberg writes about it, citing knowledgeable sources.
The parties declined to comment on the agency’s information.
The Hong Kong-based firm is a publisher of digital products based on intellectual property, as well as a number of games such as The Sandbox, Crazy Kings and Crazy Defense Heroes.
Animoca Brands has several subsidiaries including Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Grease Monkey Games, Eden Games, Darewise, Notre Game, and TinyTap.
The company actively invests in Web3 projects. Its portfolio includes more than 340 positions, including Colossal, Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Yield Guild Games, Harmony, Alien Worlds, Star Atlas and others.
Recall that Animoca Brands raised $75 million in July at a valuation of $5.9 billion. Funds were provided by Kingsway Capital, Alpha Wave Ventures, 10T, SG Spring Limited Partnership Fund, Generation Highway Ltd, Cosmic Summit Investments Limited, and Liberty City Ventures.
The funding follows a January round that saw the firm raise approximately $359 million.
In March 2022, Temasek joined Immutable’s $200 million Web3 Games-focused startup tour.
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I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
