Animoca Brands, the company driving digital property rights via NFTs and gaming to build the open metaverse, announced that it has raised about US$358.8 million at a pre-money valuation of US$5 billion.

The round was led by Liberty City Ventures, with other investors including 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, Senator Investment Group, Sequoia China, Smile Group, Stable Asset Management, Soros Fund Management, Wildcat Capital Management, Winklevoss Capital, and others.

The company said that the new capital will be used to continue funding strategic acquisitions and investments, product development, and licenses for popular intellectual properties.

In addition to its product development and publishing businesses, Animoca Brands is an active investor in more than 150 of the world’s most meaningful NFT and metaverse-related companies, including OpenSea, Dapper Labs, Yield Guild Games, Star Atlas, Axie Infinity, Thetan Arena, and many others.

Animoca Brands has various subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Lympo, and Bondly.

In partnership with Brinc, Animoca Brands operates Launchpad Luna, an accelerator to foster startups in the blockchain and NFT space.

Animoca Brands had raised US$216.28 million while its subsidiary The Sandbox completed a capital raise of US$93 million in 2021.

Yat Siu, Co-founder and Executive Chairman of Animoca Brands said,

“We are pleased to see continued and growing support from influential and strategic investors for Animoca Brands’ mission to deliver true digital property rights and build the open metaverse.

 

We have set ourselves the ambitious goals of building an open Web3 and facilitating an open metaverse that expands financial inclusion.”