Funding round
Animoca Brands Growth
Reported as "Growth Equity"
Animoca Brands, which works in web3 ecosystem architecture and development in Hong Kong Island, raised $65M in a Growth round announced on 20 Oct 2021, at a $2.20B post-money valuation. 17 firms took part. It is Animoca Brands' third venture round on record; the one before was a Growth in May 2021.
$65M
Amount raised
$2.20B
Post-money valuation
$2.13B pre-money
17
Investors
no lead named
2.2x
Step-up from the Growth
$1.00B in May 2021
3.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Animoca Brands at $2.20B after the new money, 2.2 times the $1.00B of its Growth (May 2021). The $65M bought investors about 3.0% of the company. It came 5 months after Animoca Brands' Growth. It is 13% of the $513M Animoca Brands has raised in the venture rounds on record. Animoca Brands raised again 3 months later: a Growth round of $359M in Jan 2022, at $5.00B 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 1 May 2021 $89M$1.00B post-money
- Growth this round 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
17 firms took part; no lead investor was named.
Investors
- Ubisoft new investor
- HSG backs 118 venture-backed companies new investor
- backs 74 venture-backed companies new investor
- backs 24 venture-backed companies new investor
- Com2uS new investor
- Kingsway Capital new investor
- backs 10 venture-backed companies new investor
- backs 9 venture-backed companies new investor
- backs 2 venture-backed companies new investor
- backs 9 venture-backed companies new investor
- MSA Capital new investor
- Octava Fund new investor
- backs 6 venture-backed companies new investor
- backs 8 venture-backed companies new investor
- Sigitech Holdings new investor
- Black Anthem Ltd new investor
- backs 46 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations, acquisitions and working capital.
- Product development
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
423 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $58M, and this round was close to the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Invicti Tech Companies | 20 Oct 2021 | $625M | not disclosed | Summit Partners |
| Plume Tech Companies | 12 Oct 2021 | $300M | $2.60B | SoftBank Vision Fund |
| Tech Companies | 14 Oct 2021 | $298M | $3.00B | Tiger Global |
| Tech Companies | 8 Oct 2021 | $275M | $10.00B | Sequoia Capital and Coatue |
| Tech Companies | 6 Oct 2021 | $225M | $2.00B | Knox Lane |
| Tech Companies | 21 Oct 2021 | $200M | not disclosed | Sumeru Equity Partners and SoftBank Vision Fund |
| Cato Networks Tech Companies | 19 Oct 2021 | $200M | $2.50B | Lightspeed Venture Partners |
| Tech Companies | 26 Oct 2021 | $135M | not disclosed | K1 Investment Management |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Animoca Brands raise in its Growth round?
Animoca Brands raised $65M in its Growth round, announced in Oct 2021.
Which investors took part in Animoca Brands' Growth round?
Ubisoft, HSG, Dragonfly, Liberty City Ventures, Com2uS and Kingsway Capital and 11 more.
What was Animoca Brands' valuation at the Growth round?
$2.20B post-money ($2.13B pre-money).
How does it compare with other Growth rounds in Tech Companies?
423 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $58M, and this round was close to the median.
Did Animoca Brands raise again after this round?
Yes: a Growth round in Jan 2022 of $359M at $5.00B post-money.