Animoca Brands, which draws attention with its investments in the metaverse and blockchain field, announced that it has completed a capital raise of $ 75.32 million. Investors include many companies that continue their investments in this field, such as Liberty City Ventures, Alpha Wave Ventures, SG Spring Limited Partnership Fund, and Kingsway Capital.
Announcing that it will finance strategic acquisitions, investments, and product development with new capital, Animoca Brands pointed out that it will carry the metaverse even further. Yat Siu, the company’s founding partner and chairman of the board, made the following statements:
“Digital property rights represent a society-defining generational shift that impacts everyone online and will set the stage for the emergence of the open metaverse. We are deeply honoured to continue to enjoy strong support from investors as we work to solidify the leadership position of Animoca Brands in the Web3 industry and in the field of true digital ownership.”
The company, which has made significant investments in decentralized games, has many products such as REVV Racing, The Sandbox, and TinyTap. The company’s assets, which play for leadership in Metaverse, will become even stronger with this capital increase.
Liberty City Ventures managing partner Emil Woods commented on the new capital increase:
“Over the next decade, humanity will discover and embrace the game changing power that blockchain based digital ownership of assets will bring to countless aspects of daily life. We are proud to support Animoca Brands, a highly talented team of visionaries and builders at the forefront of this movement to embrace and fulfil the promise of Web3.”
Raising $75.32 million for A$4.50 per share for a total of 23,237,058 new shares, the company will have a total of 1,836,142,334 fully paid ordinary shares to be issued, as reported on their website.
