Funding
Animoca Brands’ The Sandbox Invests US$50 Million in Metaverse Accelerator
The Sandbox, a decentralised gaming metaverse and a subsidiary of Animoca Brands, has committed US$50 million to global venture accelerator Brinc for The Sandbox Metaverse Accelerator Programme, which will target 100 startups to enhance the open metaverse. With applications now
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Animoca Brands Now Valued at US$5 Billion With US$358.8 Million Fundraise
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,
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South Korean Payments Firm CHAI Pockets US$45 Million in Series B+ Fundraise
South Korean payments startup CHAI raised US$45 million during a Series B+ funding round that was co-led by SoftBank Ventures Asia (SBVA) and Nyca Partners. SBVA’s participation in this funding round marks their second Series B investment into CHAI. The
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Venture Accelerator Firm Brinc Closes US$30 Million Series B Led by Animoca Brands
Hong Kong-based venture accelerator firm Brinc announced the closing of its US$30 million Series B fundraise led by Hong Kong unicorn Animoca Brands, a prolific investor in NFT-centric and Web 3.0 companies. Additionally, Brinc also received a further US$100 million
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Tech Investment Platform AngelHub Raises US$3 Million
AngelHub, an SFC-regulated tech investment platform and sister-company of WHub, announced that it has secures US$ 3 million from Animoca Brands and its existing investor Kharis Capital. The new funding will accelerate AngelHub’s deployment in tech companies, grow WHub’s corporate
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Alibaba-Backed Hong Kong Firm Qupital Secures US$150 Million Series B
Qupital, a Hong Kong-based financing platform for cross-border e-commerce sellers, announced it has raised US$150 million in a combination of Series B equity funding and a receivables-backed securitisation facility. The Series B round was led by the Greater Bay Area
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Hong Kong’s Virtual Insurer Bowtie Closes US$22.6 Million Series B1 Led by Mitsui
Hong Kong’s virtual insurer Bowtie announced the closing of a US$ 22.6 million Series B1 round led by Mitsui, with participation from existing investor Sun Life Hong Kong. Mitsui is said to be one of the largest Japanese trading firms,
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Pet Insurer OneDegree Raises US$28 Million to Expand Across Five Continents
OneDegree, a Hong Kong-based insurtech startup under the Cyberport Incubation Programme, announced that it has raised US$28 million in a Series B1 funding round, bringing its total funds raised to over US$70 million. This Series B1 funding round includes participation
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Cyberport Approves HK$10 Million for 93 Fintechs Through Its Subsidy Scheme
Hong Kong digital tech park Cyberport announced that it has approved a total grant of HK$10 million for 93 projects for the second phase of its Fintech Proof-of-Concept Subsidy Scheme. The subsidy scheme which was commissioned by the Financial Services
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ESG Data Firm MioTech Raises Undisclosed Funding From Singapore’s GIC
MioTech, a Hong Kong-based sustainability data and solutions provider, has raised an undisclosed sum from Guotai Junan International and GIC during a series B+ funding round. The company’s earlier investors include ZhenFund, Horizons Ventures, TOM Group, Moody’s, and HSBC. The
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