Animoca Brands completes $110 million financing, with participation from Temasek, Boyu Capital, GGV, and others

Chain Catcher News, NFT development and investment company Animoca Brands announced the completion of a $110 million financing round, with participation from Temasek, Boyu Capital, and GGV Capital. This round of financing was conducted in the form of convertible notes, which will mature three years from the date of issuance and can be converted at any time before that date at the option of the noteholders.

Animoca stated that it will use the new funds to continue financing strategic acquisitions, investments, and product development, obtain licenses for popular intellectual properties, and advance the "open virtual world," including efforts to promote digital ownership for online users.

It is reported that Animoca Brands has raised over $600 million to date. Previously, at the end of August, Bloomberg reported that Temasek would lead a new round of financing for Animoca Brands with $100 million through convertible bonds. (Source link)