Singapore state investor Temasek Holdings Pte. is joining a $100 million funding for Animoca Brands Corp., betting on one of crypto’s most prolific investment houses even after a $2 trillion market meltdown.
Temasek will lead the financing through convertible bonds, said the people, asking not to be identified discussing private information. It adds to a funding round first announced by Animoca in January, they said, when the Hong Kong startup raised $359 million from backers including George Soros and the Winklevoss twins. Now valued at $6 billion, Animoca raised another $75 million in the same round earlier this summer.
Temasek has said it doesn’t directly invest in cryptocurrencies and prefers to back service providers in the space instead. In February, the state fund joined a $200 million funding for crypto lender Amber Group at a $3 billion valuation. Animoca and Temasek spokespeople declined to comment.
Animoca has evolved from a small mobile game publisher to Asia’s biggest...
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