Funding round
Animoca Brands Growth
Reported as "Growth Equity"
Animoca Brands, which works in web3 ecosystem architecture and development in Hong Kong Island, raised $359M in a Growth round announced on 18 Jan 2022, led by Liberty City Ventures, at a $5.00B post-money valuation. 19 firms took part. It is Animoca Brands' fourth venture round on record; the one before was a Growth in Oct 2021.
$359M
Amount raised
$5.00B
Post-money valuation
19
Investors
1 lead
2.3x
Step-up from the Growth
$2.20B in Oct 2021
7.2%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Animoca Brands at $5.00B after the new money, 2.3 times the $2.20B of its Growth (Oct 2021). The $359M bought investors about 7.2% of the company. It came 3 months after Animoca Brands' Growth. It is 70% of the $513M Animoca Brands has raised in the venture rounds on record. No later venture round is on record for Animoca Brands.
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 20 Oct 2021 $65M$2.20B post-money
- Growth this round 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
Liberty City Ventures led the round with 18 other firms.
Lead investor
- Liberty City Ventures new investor
Also in the round
- backs 10 venture-backed companies new investor
- C Ventures new investor
- Delta Fund new investor
- Gemini Frontier Fund new investor
- backs 56 venture-backed companies new investor
- Kingsway new investor
- new investor
- Mirae Asset Venture Investments backs 37 venture-backed companies new investor
- Pacific Century Group new investor
- ParaFi Capital new investor
- backs 4 venture-backed companies new investor
- Senator Investment Group new investor
- HSG backs 118 venture-backed companies new investor
- Smile Group new investor
- backs 2 venture-backed companies new investor
- Soros Fund Management new investor
- backs 10 venture-backed companies new investor
- backs 38 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
441 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $57M, and this round was 6.3 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| project44 Tech Companies | 11 Jan 2022 | $420M | not disclosed | Thoma Bravo and TPG |
| Assent Tech Companies | 6 Jan 2022 | $350M | $1.00B | Vista Equity Partners |
| Tech Companies | 26 Jan 2022 | $295M | $2.70B | not named |
| Fever Tech Companies | 26 Jan 2022 | $227M | $1.00B | Goldman Sachs and Goldman Sachs Asset Management |
| Tech Companies | 12 Jan 2022 | $190M | $1.20B | Advent International and Insight Partners |
| Tech Companies | 14 Jan 2022 | $161M | not disclosed | not named |
| NEAR Tech Companies | 13 Jan 2022 | $150M | not disclosed | Three Arrows Capital |
| Tech Companies | 21 Jan 2022 | $150M | not disclosed | Vista Equity Partners |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Animoca Brands raise in its Growth round?
Animoca Brands raised $359M in its Growth round, announced in Jan 2022.
Who led Animoca Brands' Growth round?
Liberty City Ventures led it, with 50T Funds, C Ventures, Delta Fund, Gemini Frontier Fund and Gobi Partners and 13 more.
What was Animoca Brands' valuation at the Growth round?
$5.00B post-money.
How does it compare with other Growth rounds in Tech Companies?
441 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $57M, and this round was 6.3 times the median.