Animoca Brands raises $110mln for crypto gaming firm | Crypto

Animoca Brands raises $110mln for crypto gaming firm

Animoca Brands has raised $110 million from investors, the company said in a statement on Thursday.
The company issued convertible notes in a funding round which values it at around $5.6 billion, it said.
New investors include Singapore-based Temasek, global venture capital firm GGV Capital and China-focused asset manager Boyu Capital, the statement said, with some existing investors also contributing.
The funds raised will be used to make more acquisitions and investments, as well as product development and securing intellectual property licenses, the statement said.

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