Total amount raised
$863.2 Million
Latest funding date
6/1/2024
Location
Animoca Brands has successfully raised funding over 28 rounds, with the latest being a Corporate Round led by Futureverse. The company is backed by 107 investors, including notable names like Futureverse and 2Shares.
Animoca Brands focuses on delivering digital property rights and building new digital economies through its various business segments. Keep reading to explore the intricacies of Animoca Brands' fundraising journey and the investors backing this innovative platform.
What Is Animoca Brands?
Animoca Brands, based in Hong Kong, is a prominent player in the metaverse and gaming industry, focusing on digital property rights through NFTs. The company operates in various sectors, including apps, blockchain, casual games, developer platforms, and video games.
Founded in 2014, Animoca Brands has grown to employ between 501 and 1000 people. The company is dedicated to creating new asset classes and economies with a more equitable digital framework, actively engaging in partnerships and acquisitions to expand its ecosystem.
How Much Funding Has Animoca Brands Raised?
- Corporate Round
- Amount Raised: USD 5,000,000
- Date: June 2024
- Lead Investors: Futureverse
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand digital property rights and enhance metaverse initiatives.
- Series Unknown
- Amount Raised: USD 20,000,000
- Date: November 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing projects and new acquisitions.
- Secondary Market
- Amount Raised: USD 11,900,000
- Date: October 2023
- Lead Investors: NEOM
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To promote regional Web3 development.
- Convertible Note
- Amount Raised: USD 20,000,000
- Date: September 2023
- Lead Investors: NEOM
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build enterprise Web3 services and nurture the local Web3 ecosystem.
- Series Unknown
- Amount Raised: USD 5,000,000
- Date: September 2022
- Lead Investors: True Global Ventures (TGV)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their metaverse and gaming initiatives.
- Secondary Market
- Amount Raised: USD 16,000,000
- Date: September 2022
- Lead Investors: True Global Ventures (TGV)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support their various investments and acquisitions.
- Private Equity
- Amount Raised: USD 110,000,000
- Date: September 2022
- Lead Investors: GGV Capital, Hive Empire Capital, Temasek Holdings
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive digital property rights through NFTs and expand their ecosystem.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: July 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their metaverse and gaming initiatives.
- Series C
- Amount Raised: USD 75,000,000
- Date: July 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support their ongoing projects and new acquisitions.
- Series Unknown
- Amount Raised: USD 358,888,888
- Date: January 2022
- Lead Investors: Liberty City Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their metaverse and gaming initiatives.
Total Amount Raised: USD 641,788,888. Current Valuation: Not publicly disclosed.
Key Investors
- Futureverse
- Details: Futureverse is a leading investor in the metaverse and digital property rights through NFTs. They have partnered with Animoca Brands to drive innovation in these sectors.
- Investment Focus Areas: Metaverse, digital property rights, NFTs
- Notable Investments: Lead investor in the Corporate Round for Animoca Brands
- NEOM
- Details: NEOM is a smart city project in Saudi Arabia, part of the Saudi Vision 2030 plan. It aims to create a hi-tech trade hub powered by clean energy.
- Investment Focus Areas: Innovation, technology, Web3 development
- Notable Investments: USD 50 million investment in Animoca Brands to promote Web3 development
- True Global Ventures (TGV)
- Details: True Global Ventures is a venture capital firm that invests in serial entrepreneurs in the tech industry. They have a strong focus on blockchain and fintech.
- Investment Focus Areas: Blockchain, fintech, technology
- Notable Investments: Investments in Animoca Brands' metaverse and gaming initiatives
- GGV Capital
- Details: GGV Capital is a global venture capital firm that invests in technology companies. They have a diverse portfolio across various sectors.
- Investment Focus Areas: Technology, consumer internet, enterprise tech
- Notable Investments: Investments in companies like Alibaba, Slack, and Square
- Liberty City Ventures
- Details: Liberty City Ventures is a venture capital firm that focuses on early-stage investments in the blockchain and digital currency sectors. They aim to support innovative startups.
- Investment Focus Areas: Blockchain, digital currency, technology
- Notable Investments: Investments in Animoca Brands' metaverse and gaming initiatives
What's Next for Animoca Brands?
Animoca Brands is poised to capitalize on a significant opportunity through its collaboration with Neom Company, a smart city project in Saudi Arabia. This partnership, backed by a $50 million investment, aims to develop Web3 initiatives and nurture the local Web3 ecosystem. The scale of the Neom project, covering 26,500 sq km, presents a vast landscape for technological and economic growth.
Future fundraising opportunities appear promising, as the successful partnership with Neom could attract further investments. However, challenges such as integrating Web3 technologies into Neom's infrastructure and navigating regulatory landscapes may arise. Despite these hurdles, Animoca Brands is well-positioned to leverage its expertise and expand its footprint in the Web3 space.
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