Animoca Brands Secures $65M Leading To Valuation Over $2B

On October 21st, Animoca Brands announced the organization had raised $65 million in a recent funding round. As a result, the company’s pre-money valuation has almost doubled to $2.1 billion.

This round included investments from Ubisoft, Sequoia Capital China, and Dragonfly Capital. The company said it will use this money to fund strategic investments and acquisitions for the organization while helping Animoca further develop its intellectual properties.

“I believe that the gaming, art, and music industries are entering a digital renaissance period uniquely enabled by blockchain,” said Mia Deng, a partner at Dragonfly Capital. “Yat and his team have demonstrated vision and foresight from the beginning and we are therefore excited to partner with Animoca Brands to build some of the largest on-ramps of the virtual world,”

Animoca Brands had previously raised over $138 million in a round of funding that took place earlier this year. This financing round caused the organization to achieve unicorn status after it had secured a $1 billion valuation.

(All information was provided by Yahoo! Finance)

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