Animoca Brands Completes US$88,888,888 Capital Raise
Animoca Brands, a Hong Kong-based company delivering digital property rights to gamers via NFTs, completed a capital raise of US$88,888,888 (approximately A$113,500,000) at a price per share of A$1.10 based on a valuation of US$1 billion (approximately A$1.28 billion).
Backers included Kingsway Capital, RIT Capital Partners (formerly Rothschild Investment Trust), HashKey Fintech Investment Fund, AppWorks Fund, LCV Fund, Huobi, Octava, Ellerston Capital, Perennial, Axia Infinity Ventures, SNZ, Liberty City Ventures, Metapurse, and other prominent investors.
The company intends to use the funds to make further acquisitions, develop new products, continue to make strategic investments, and secure additional licenses for intellectual properties.
Animoca Brands recauda USD 88 888 888 con base a una valoración de USD 1 000 millones
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Animoca Brands lève 88 888 888 dollars américains sur la base d une évaluation de 1 milliard de dollars américains
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April 09, 2021
Demystifying Crypto Investment for Everyday People in Asia Pacific
HONG KONG, April 9, 2021 /PRNewswire/ Cryptocurrency social investment platform Kikitrade today announced that the company has completed Pre-series A funding of USD 8 million, co-led by Dragonfly Capital, Cherubic Ventures and Animoca Brands who also joined the Board of the Company. By providing a user-friendly, secure and fun user experience, Kikitrade aims to attract the millennials and everyday people to invest in crypto assets with ease, and contribute to the democratization of cryptocurrency in the long run.
Allen Ng, Co-founder of Kikitrade said his singular goal with the company is to lower the entry barrier of crypto investment and provide everyday people with the necessary tools and knowledge required.