Double market value in 3 months: Animoca Brands grows by $358 million with a value of $5 billion

Investment firm Animoca Brands announced on January 18 that it had raised $358 million of $5 billion in recent financings.

The closing of the financing round means that Animoca Brands has doubled in value in less than three months. The venture capital firm raised $65 million last October at a valuation of $2.2 billion.

Liberty City Ventures is launching its latest venture capital with additional investments from 10T Holdings, C Ventures, Delta Fund, Gemini Frontier Fund, Gobi Partners Greater Bay Area, Kingsway, L2 Capital, Mirae Asset, Pacific Century Group. , ParaFi Capital, Provident, and the group of senators. led, Sequoia China, Smile Group, Stable Asset Management, Soros Fund Management, Wildcat Capital Management, Winklevoss Capital and others participated in this investment.

According to the announcement, Animoca Brands plans to use the funds to drive acquisitions and investments, product development and licensing efficiencies.

Animoca Brands specializes in investing in NFT and Metaverse projects, and has invested in over 150 NFT-related projects. These include peer-to-peer project Axie Infinity, Dapper Labs, which created the NBA Top Shot, OpenSea, the largest NFT trading platform, and Yield Guild Games (YGG), the blockchain gaming community. Recently, Animoca Brands also led the investment in Burnt Finance, a Solana chain venture capital firm.

Partially invested by Animoca Brands

Animoca Brands also owns several companies, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Lympo, and the NFT platform Bondly.