Ubisoft, Sequoia China Help NFT Creator Hit $2 Billion Valuation
- Animoca Brands raised $65 million in its latest funding round
- Hong Kong firm is backer of hit crypto game Axie Infinity
Source: animocabrands.com
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Animoca Brands, a Hong Kong-based crypto game maker, has received fresh capital from investors including Ubisoft Entertainment and Sequoia China, doubling its valuation to $2 billion in less than four months.
The non-fungible tokens (NFT) creator has completed a $65 million funding round at a pre-money valuation of $2.2 billion, the startup said in a statement. Investors in the round also included Dragonfly Capital, Tron founder Justin Sun, and existing backers like Liberty City Ventures, it said.