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KKR to Join $500 Million Funding for NFT Creator Animoca, Sources Say

  • Animoca Brands raises more money at a $5 billion valuation
  • Company aims to double its valuation again in next round
Animoca makes blockchain-based games in genres like car racing and tower defense.

Animoca makes blockchain-based games in genres like car racing and tower defense.

Source: Animoca Brands Corp.

KKR & Co. is set to become the latest Wall Street name to back metaverse company Animoca Brands Corp., taking the Hong Kong startup’s latest funding round to about $500 million, according to people familiar with the matter.

The buyout giant is among several investors in talks to join Animoca’s most recent financing at a pre-money valuation of more than $5 billion, said the people, asking not to be identified discussing private information. That adds to the $359 million first tranche of the funding round, announced in January and involving investors including George Soros and the Winklevoss twins.