Animoca Brands Raises US$38M From True Global Ventures, Appoints New CFO

Animoca Brands Raises US$38M From True Global Ventures, Appoints New CFO

by September 26, 2022

True Global Ventures 4 Plus Fund and Follow On Fund (TGV 4 Plus FoF) has invested US$38 million in Animoca Brands and bought US$16 million in equity from the secondary market.

This comes in addition to TGV’s participation in the company’s recent US$110 million round led by Temasek, Bayou Capital and GGV.

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

Yat Siu

“TGV has been a wonderful supporter of the company and its ecosystem such as The Sandbox since 2019 and we are honoured that they continue to support Animoca Brands and its vision,”

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

The recent funding comes with new appointments among the company’s senior ranks, led by the appointment of former Gemini head of finance Jared Shaw as the company’s Chief Financial Officer.

Other management appointments include May Szeto as Group HR Director, Jamii Quoc as Head of Legal – Commercial and M&A, Samuel Tse as M&A Director, and Josh Du as Head of Digital Assets Portfolio.

Evan Auyang

Evan Auyang

“Jared brings to us not only relevant experience from leading Gemini’s finance operations, but also extensive business, audit and asset management experience at Goldman Sachs, Ernst & Young, and Prudential.


We believe that Jared’s strong leadership background will help to take Animoca Brands to the next level,”

said Evan Auyang, President of Animoca Brands.


Featured image: Newly appointed Chief Financial Officer, Jared Shaw.