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Finance

Animoca Brands Valuation More Than Doubles to $5.5B in Three Months

The investor in non-fungible token (NFT) and metaverse projects raised almost $360 million in its latest funding round.

By Jamie Crawley
AccessTimeIconJan 18, 2022 at 12:30 p.m. UTC
Updated May 11, 2023 at 5:52 p.m. UTC
The Animoca Brands team in Hong Kong

The Animoca Brands team in Hong Kong (Animoca)

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Animoca Brands, an investor in non-fungible token (NFT) and metaverse projects, raised almost $360 million at a valuation of $5.5 billion.

  • The funding round represents a doubling in Animoca's value in less than three months. The venture capital firm raised $65 million at a $2.2 billion valuation in October.
  • Liberty City Ventures led the latest fundraising round, which included contributions from Winklevoss Capital, Soros Fund Management and 10T Holdings.
  • Animoca plans to use the funds to fuel acquisitions and investments, product development and licenses for popular intellectual properties, according to an announcement Tuesday.
  • The company's portfolio contains more than 150 NFT-related projects, including play-to-earn game Axie Infinity, Dapper Labs, the company behind NBA Top Shot, and OpenSea, the largest NFT trading platform. It also has a majority stake in metaverse game The Sandbox.
  • Most recently, Animoca led an $8 million funding round into Burnt Finance, an NFT platform built on the Solana blockchain.

Read more: Binance Smart Chain and Animoca Brands Set Up $200M Program for Blockchain Gaming

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Jamie Crawley
Jamie Crawley

Jamie Crawley is a CoinDesk news reporter based in London.

Follow @JamieCrawleyCD on Twitter

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