LONDON (Reuters) - Blockchain game developer Animoca Brands has raised $75.3 million following a fundraising drive that now values the firm at A$8.2 billion ($5.5 billion) even as the market reels from a collapse in cryptocurrency prices.
Animoca Brands - an Australian company based in Hong Kong - said the raise was the second part of a $360 million round in January.
The latest raise, which was supported by investors including Liberty City Ventures and Kingsway Capital, was delayed because some investors were worried by the collapse of TerraUSD and its impact on cryptocurrency markets, Animoca's co-founder Yat Siu said.
Top cryptocurrency bitcoin fell 57% in the first half of 2022 as investors ditched riskier assets. Investors fear contagion across crypto markets as some crypto lenders have frozen customer withdrawals and crypto hedge fund Three Arrows Capital entered liquidation last month.
Animoca Brands has invested in more than 340 companies to build its vision of a "metaverse"...
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