Animoca Brands Raises 4.3 Million From Strategic Funds

Animoca Brands Logo

Animoca Brand has received strategic investments totalling US$4.1 million (approx. A$6 million) from strategic investors including M7 Asia, Mind Fund and other investors.

M7 Asia focuses on alternative investments in Asia, M7 Real Estate Ltd. (“M7”) real estate is a subsidiary which specializes in the pan-European, regional, multi-let real estate market.M7 is a property fund and asset management business owned by its senior managers, with circa 220 employees in 13 countries across Europe. The team manages over 830 retail, office and industrial properties with a value of circa €4.7 billion (approximately A$7.6 billion). M7 typically aggregates numerous individual assets to form large portfolios with income levels and yields well above the real estate market averages.

Mind Fund is a global venture capital company that has invested in several companies in the United States and Asia. Most notably, Mind Fund is an investor in Bytedance, one of the most valuable startup companies in the world with a reported valuation of over US$100 billion (approximately A$145 billion) as of May 2020 and is an investor in Hedera Hashgraph. Mind Fund also has an institutional partnership with Tokyo and San Francisco-based Digital Garage (TYO:4819) to collaborate and co-invest in a Global Incubation Stream of world-class entrepreneurial companies. Mind Fund is an existing investor in Animoca Brands

“We are incredibly honored and pleased that our vision for the future of digital assets and blockchain gaming has earned the confidence of some of the world’s most successful tech investors M7 and Mind Fund.”

Yat Siu, co-founder and chairman of Animoca Brands, said

“We at Mind Fund are excited to continue our partnership with Animoca Brands. We believe deeply in the company’s vision to use blockchain to build economies where true digital ownership in games and virtual worlds will become a reality for hundreds of millions of people.”

Adam Lindemann, partner at Mind Fund, said

Capital raised will provide Animoca Brands with the working capital and support for a proposed initial public offering (IPO). The IPO will lead to the possible spinning off of assets such as Pixowl SA, TSB Gaming, nWay Inc., and Quidd Inc. on Euronext or other public exchange.

Pixowl is a mobile game studio which has developed games for popular brands such as Adams Family, Goosebumps and Snoopy just to name a few. TSB Gaming develops the decentralized gaming platform, The Sandbox. nWay developed multiplatform videos games for the Saban’s Power Rangers and ChronoBlade. Quidd is a digital collectables platforms with apps for both Android and iOS.

Discover more from BITVoxy Wire

Subscribe to get the latest posts to your email.

Lance Cameron
Lance Cameron
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

Trendy Reads

Related Stories