Today Bloomberg reported that Singapore’s state-owned investment firm Temasek will lead a $100 million funding round for Animoca Brands at a $6 billion valuation, which neither organization has confirmed. (Update: Temasek co-led a confirmed $110m round). Animoca focuses on NFTs, gaming and the metaverse and has invested in more than 340 projects, making it the most active web3 investor. The Australian securities regulator also recently sanctioned it for failing to publish accounts.
In January, the company raised $358 million in funding at a $6 billion valuation, including from George Soros. It follows multiple funding rounds in 2021 that totaled $216 million. Previous big-name investors have included Ubisoft, Samsung and RIT Capital Partners (Rothschild Investment Trust).
However, more mainstream large investors have held back, and Bloomberg reported that KKR dropped out of a potential investment.
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