Funding round
Animoca Brands Growth
Reported as "Growth Equity"
Animoca Brands, which works in web3 ecosystem architecture and development in Hong Kong Island, raised $89M in a Growth round announced on 1 May 2021, at a $1.00B post-money valuation. 8 firms took part. It is Animoca Brands' second venture round on record; the one before was a Series A in Nov 2011.
$89M
Amount raised
$1.00B
Post-money valuation
$911M pre-money
8
Investors
no lead named
8.9%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Animoca Brands at $1.00B after the new money. The $89M bought investors about 8.9% of the company. It came 114 months after Animoca Brands' Series A. It is 17% of the $513M Animoca Brands has raised in the venture rounds on record. Animoca Brands raised again 5 months later: a Growth round of $65M in Oct 2021, at $2.20B post-money.
Animoca Brands' funding rounds
Animoca Brands has 4 venture rounds on record and 4 other deals. This one is highlighted.
- Series A 15 Nov 2011, led by Intel Capital and IDG Capital amount not disclosed
- Other not a venture round 3 Jul 2020 $4.1M
- Growth this round 1 May 2021 $89M$1.00B post-money
- Growth 20 Oct 2021 $65M$2.20B post-money
- Growth 18 Jan 2022, led by Liberty City Ventures $359M$5.00B post-money
- Debt not a venture round 8 Sep 2022, led by Temasek, Boyu Capital and GGV Capital $110M$5.90B post-money
- Other not a venture round 11 Sep 2023, led by CMCC Global $20M
- Other not a venture round 12 Nov 2024 $10M
Investors
Who put money in
8 firms took part; no lead investor was named.
Investors
- backs 6 venture-backed companies new investor
- backs 79 venture-backed companies new investor
- HTX Ventures (ex Huobi Ventures) new investor
- Kingsway Capital new investor
- backs 30 venture-backed companies new investor
- Octava Singapore new investor
- backs 24 venture-backed companies new investor
- Metapurse new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, acquisitions, scaling operations and working capital.
- Product development
- Acquisitions
- Scaling operations
- Working capital
Comparable rounds
How it compares
397 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 1.5 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 11 May 2021 | $383M | not disclosed | Turn/River |
| Tech Companies | 13 May 2021 | $290M | not disclosed | Insight Partners |
| Tech Companies | 6 May 2021 | $277M | $2.10B | Summit Partners and ICONIQ Growth |
| Tech Companies | 4 May 2021 | $250M | $2.50B | CVC |
| Tech Companies | 13 May 2021 | $150M | $1.00B | not named |
| Tech Companies | 25 May 2021 | $120M | $1.70B | Salesforce Ventures |
| Tech Companies | 27 May 2021 | $99M | not disclosed | Lugard Road Capital and Nicola Wealth |
| Tech Companies | 31 May 2021 | $97M | $489M | Goldman Sachs Growth Equity and Eurazeo |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Animoca Brands raise in its Growth round?
Animoca Brands raised $89M in its Growth round, announced in May 2021.
Which investors took part in Animoca Brands' Growth round?
RIT Capital, HashKey Capital, HTX Ventures (ex Huobi Ventures), Kingsway Capital, SNZ and Octava Singapore and 2 more.
What was Animoca Brands' valuation at the Growth round?
$1.00B post-money ($911M pre-money).
How does it compare with other Growth rounds in Tech Companies?
397 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 1.5 times the median.
Did Animoca Brands raise again after this round?
Yes: a Growth round in Oct 2021 of $65M at $2.20B post-money.