Temasek to lead US$100m funding in Hong Kong metaverse powerhouse Animoca Brands: report
Singapore’s state investment fund, Temasek, is leading a US$100 million funding round for Hong Kong-based blockchain powerhouse Animoca Brands, Bloomberg news reported.
Temasek will be financing the raise through convertible bonds, according to the August 30 report, which cited people with information but who asked not to be identified.
Earlier, Animoca Brands raised approximately US$359 million in January and another US$75 million in July. Its strategic Japanese subsidiary, Animoca Brands KK, or Animoca Brands Japan, raised US$22 million from Japan’s leading bank MUFG Bank.
In a previous interview, Animoca Brands co-founder Yat Siu told Bloomberg that funding for digital currency-related firms and prices of crypto assets had fallen amid the crypto winter, but this was “time to deploy more capital, not less.”
Both Animoca Brands and Temasek declined to comment on the Bloomberg report.