Blockchain gaming and investment company Animoca Brands has raised new capital worth $110 million from the issuance of convertible notes.
According to the company's announcement, the funding round was opened to a limited number of investors, which includes Temasek, Boyu Capital, and GGV Capital, as well as existing investors Mirae Asset Management and True Global Ventures (TGV).
As detailed by the firm, the Convertible Notes, which will expire in three years, were issued at a price of AU$4.5 ($3), and it does not change the company's valuation from its last funding round.
"We are incredibly pleased to complete a special strategic round of fundraising comprising several of the most respected institutional investors in the world, and we are honoured by the continued support from existing investors," Yat Siu, co-founder and executive chairman of Animoca Brands, "said Animoca Brands has grown significantly as a company in the last year, and our new investors will contribute strategic...
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