Animoca Brands Acquires the TinyTap Educational Content Platform

0

Metaverse and Gaming powerhouse, Animoca Brand has announced that it has completed its acquisition of 80.45% of TinyTap.

This acquisition is valued at US$38.875 million in cash and shares and increases Animoca Brands ownership from a mere 3.73% to 84.13%, giving them majority ownership of TinyTap.

TinyTap which is a user generated content (UGC) educational technology company that provides a no-code platform for educators to create and distribute interactive educational content while earning a usage-based revenue share.

Whats Next? Animoca Brands CEO, Yat Siu and TinyTap CEO, Yogev Shelly were both in a video explaining the acquisition.

TinyTap was founded in 2012 and currently employs 30 staff. The company has raised US$13 million from investors including Aleph Venture Capital, Inimiti, Reinvent VC, Omega Group Enterprises Ltd., Radiant Ventures HK, including Animoca Brands and others.

What is TinyTap?

TinyTap provides a code-free platform that empowers educators to create and share interactive educational content and to receive a revenue share when that content is used by learners. Creators can create TinyTap content and activities on iPad or the TinyTap website. TinyTap is available on iOS, Android and web platforms.

More About The Acquisition

TinyTap Limited, the entity that operates as TinyTap is incorporated in Israel.

Animoca Brands issued 2,289,395 fully paid ordinary shares at a price of A$4.50 per share as well ass cash consideration totaling US$27,181,033 (net of amounts payable to Animoca Brands and its controlled entities of US$4,335,083)

Other shareholders of TinyTap include Mario Ghio and Guilherme Mélega, respectively the CEO and the vice president – K12 of Somos Educação, which is part of the Brazilian high-growth K-12 education company Vasta Educação group (NASDAQ CM: VSTA), as well as current and former TinyTap team members.

We may earn a commission for purchases using our links to help keep offering the free content. Learn more. 

All content on this site is provided with no warranties, express or implied. Use any information at your own risk. Privacy Policy.
Lance Cameron
Lance Cameronhttps://vishtany.github.io/
Lance is the Publisher and Chief Editor at BITVoxy. He writes about business, digital culture, crypto, gaming, tech, entertainment, and more. He considers himself a Digital Explorer and News Junkie.

Leave a Reply

- Advertisement -

Most Popular

17+ Fun Online Politics and Nation Simulation Games

Searching for an online nation Simulation Game? In this...

NoName Introduces A Special of Dating App

Tired of Swiping right? Ghosted conversations? No Name is a dating...

17 of The Best Free Torrent Clients

Looking for an alternative to BitTorrent or uTorrent? In...

Jamaican Mobile Money Solutions 2021

Are you in search of a Jamaican Mobile Money...

The Best & Most Popular Global Digital Media Groups

Want a List of the Internets best and most...

The Ultimate List of text-based online mafia games

Looking for text-based online mafia games? Want to be...
- Advertisement -