Game software and venture capital company Animoca Brands is set to announce that it has raised yet more capital in the form of convertible bonds, according to a report by Bloomberg on Tuesday.
The crypto investment firm has clinched a $100 million deal with Singaporean Temasek as its lead backer, the report said citing people familiar with the matter.
"As a matter of policy, Temasek does not comment on market speculation and rumors," a spokesperson for Temasek told The Block. Animoca did not respond to a request for comment by publication time.
Investors in the firm's July round included Liberty City Ventures, Kingsway Capital, Alpha Wave Ventures, 10T, SG Spring Limited Partnership Fund, Generation Highway Ltd, Cosmic Summit Investments Limited and others. Liberty City Ventures had led the round in January.
Animoca Brands has proved itself a heavyweight of the crypto gaming and NFT sector, having already invested in more than 150 NFT and metaverse-related companies, including OpenSea, Dapper Labs, Yield Guild Games and Axie Infinity.
The latest $100 million in backing would bring Animoca Brands' total funding to date to over $600 million. Its subsidiary, The Sandbox, has also separately raised $93 million recently.
Temasek has also previously backed crypto trading platform Amber Group and Gods Unchained developer Immutable.
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