On March 7th, Immutable announced it had secured $200 million during a Series C funding round. This has led to the organization’s $2.5 billion valuation. These finances will be used to fuel global expansion, the growth of Immutable X, and the creation of new titles from the Immutable Gaming Studio.
Temasek led this investment round which saw additional participation come from Animoca Brands and Tencent. Other investors included ParaFi Capital, Princeville Capital, Arrington Capital, Mirae Asset, and Liberty Global.
“Immutable is locked in on developing a leading, ambitious, and dependable web3 ecosystem for a new era of creators that desire scalable results in the world’s fastest-growing industry,” said James Ferguson, CEO, Immutable. “Our investment partners understand the power and potential of the Immutable X platform and will play an integral role in this next phase of our growth. We are also excited to welcome new executive team members who will help execute on our aggressive business and growth plans.”
Immutable is a Sydney, Australia-based company that develops non-fungible token games. Some of the organization’s most popular titles include the mobile game Guild of Guardians and the online NFT game Gods Unchained.
(All information was provided by PR Newswire)