Animoca Brands Secures $75M Capital at a Pre-Money Valuation of $5.9B

Hong Kong-based gaming software and venture capital firm, Animoca Brands has announced it has secured a new $75 million to increase its pre-money valuation to $5.9 billion. According to the press release shared by the firm, this latest funding round is an extension of the $358.8 million the company raised back in January when it hit a $5 billion valuation.

While there is no single investor who led this round, Liberty City Ventures, Kingsway Capital, Alpha Wave Ventures, 10T, SG Spring Limited Partnership Fund, Generation Highway Ltd, and Cosmic Summit Investments Limited amongst others were listed as backers.

Animoca Brands in the Web3.0 Ecosystem

Animoca Brands plays a very pivotal role in advancing Web3.0 and metaverse-related innovation. While it is a huge venture capital firm, it is actively involved in entertainment and gamification, and it is securing IP rights in these fields as best as it can.

“Digital property rights represent a society-defining generational shift that impacts everyone online and will set the stage for the emergence of the open metaverse,” said Yat Siu, Animoca Brands Co-Founder, and Executive Chairman, “We are deeply honoured to continue to enjoy strong support from investors as we work to solidify the leadership position of Animoca Brands in the Web3 industry and in the field of true digital ownership.”

Animoca Brands Web3.0 portfolio includes Axie Infinity, Aurory, Chain Guardians, and Yield Guide Games amongst others. With the new funding, the company said it will “continue to fund strategic acquisitions, investments, and product development, secure licenses for popular intellectual properties, and advance the open metaverse, including through its efforts to promote digital property rights for online users.”

Since the start of the year, the digital currency ecosystem has been experiencing a massive bearish downturn, one that has generally dampened investors’ interest. However, Animoca Brands has continued to gain investors’ trust, a trend that is similar to other protocols like Planetarium, Magic Eden, Orderly Network, and MetaKings amongst others that have raised funds in the past few months.