Temasek to Lead $100 Million Funding for Crypto Landlord Animoca
- It adds to the 2022 fundraising for the metaverse creator
- Animoca chief said it plans to keep investing through downturn
Animoca has assembled a portfolio of more than 340 finance, gaming, and social media companies.
Source: Animoca Brands Corp.
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.