Metaverse Backer Animoca Brands Raises $65M at $2.2B Valuation

Posted on by American Coins & Gold

Metaverse Backer Animoca Brands Raises M at .2B Valuation
Animoca Brands, a prominent investor in non-fungible tokens (NFTs) and decentralized gaming, has completed a capital raise of $65 million at a $2.2 billion valuation, the company announced Wednesday.Investors in the round include Liberty City Ventures, Ubisoft Entertainment, Sequoia China, Dragonfly Capital, Com2uS, Kingsway Capital, 10T, Token Bay Capital, Smile Group, Tess Ventures and MSA Capital.The new capital will be used to fund strategic investments and acquisitions, product development and licenses for popular intellectual property, the company said in a press release.Animoca Brands completed a $138.88 million raise back in July, and the company’s valuation has now more than doubled…