Animoca Brands Raises $358M to Speed Up Acquisitionsūdolfs Klintsons
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Animoca Brands, a Hong Kong-based blockchain software company, has raised $358,888,888 in a funding round led by Liberty City Ventures, with other investors including 10T Holdings, Soros Fund Management, Winklevoss Capital, Sequoia China, and others.

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The company said in an announcement it plans to use the proceeds to continue funding acquisitions and investments. Yat Siu, Co-Founder of Animoca Brands, says the market is still at the initial stages of a "new Internet revolution." He added:

"We have set ourselves the ambitious goals of building an open Web3 and facilitating an open metaverse that expands financial inclusion."

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The Hong Kong-based company is best known for its investments in The Sandbox, Axie Infinity, F1 Delta Time, OpenSea, Dapper Labs, and others. The latest funding round brought the company's pre-money valuation of over $5 billion. In November last year, Animoca Brands said it will cover users' losses (265 ETH worth about $1.1 million) following the hack of the Phantom Galaxies Discord.

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