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Home›Coinbase›Animoca Completes Funding Round, Secures Additional $ 50 Million From Coinbase, Samsung

Animoca Completes Funding Round, Secures Additional $ 50 Million From Coinbase, Samsung

By Tim Kane
July 1, 2021
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Game maker Animoca Brands has finalized its $ 138.8 million fundraising round via a second $ 50 million tranche, according to a press release on Thursday.

Notable investors included Blue Pool Capital, Coinbase Ventures, Gobi Partners, Korea Investment Partners, Liberty City Ventures, and Samsung Venture Investment Corporation.

Token Bay Capital, zVentures – the venture capital arm of Razer Inc. – and other leading investors also participated. To commemorate its “valuation of the unicorn,” the company will issue non-fungible tokens (NFTs) to its investors and partners, the statement said.

Related: Enjin Sells $ 20 Million In New EFI Token In CoinList Sale

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

Animoca’s second and final fundraiser follows its first tranche in May, raising some $ 88.8 million based on a valuation of $ 1 billion. The last $ 50 million came at a subscription price of AU $ 1.10 per share, for a total of 164.8 million new shares.

No stranger to blockchain and crypto arenas, Animoca signed an agreement in 2019 with MotoGP rights holder Dorna Sports to develop and publish a race management game leveraging blockchain technology and personalized smart contracts.

The company said its goal is to bring digital property rights to video gamers and the metaverse through the use of blockchain and NFTs to establish game models for winning and interoperability of digital assets. .

Related: Mark Cuban Mintable-backed NFT Marketplace Raises $ 13 Million

“We are about to experience fundamental changes in multiple aspects of our digital life, including the way we enjoy games and buy and use virtual goods,” said a spokesperson for Samsung Venture Investment Corporation in the press release.

* CORRECTION (JULY 1 13:39 UTC): Removes the reference to the ASX list from the first sentence.

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