{"id":34692,"date":"2022-08-30T09:17:04","date_gmt":"2022-08-30T13:17:04","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=34692"},"modified":"2022-08-30T09:17:07","modified_gmt":"2022-08-30T13:17:07","slug":"animoca-brands-to-raise-100m-in-funding-led-by-temasek","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/animoca-brands-to-raise-100m-in-funding-led-by-temasek\/","title":{"rendered":"Animoca Brands to raise $100M in funding led by Temasek"},"content":{"rendered":"\n
Singapore state investor Temasek will lead a $100 million funding round for blockchain venture Animoca Brands<\/a> using convertible bonds.<\/h5>\n\n\n\n
\"Animoca
Animoca Brands to raise $100M in funding led by Temasek<\/figcaption><\/figure>\n\n\n\n

As major government-affiliated corporations apparently continue to bet on significant sector participants, the venture capital market for the cryptocurrency industry is reportedly holding strong despite the crypto winter.<\/p>\n\n\n\n

According to a Tuesday Bloomberg story, the $100 million funding round for the blockchain and venture studio Animoca Brands would include the state-owned investment company\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> Temasek of Singapore. Temasek would reportedly take the lead in Animoca's funding round using convertible bonds.<\/p>\n\n\n\n

Temasek and Animoca are well renowned for funding significant cryptocurrency businesses. Both businesses took part in the $200 million funding round for the Australian nonfungible token (NFT) platform Immutable in March 2022.<\/p>\n\n\n\n

Temasek is a significant investor in the cryptocurrency sector and has taken part in numerous investment rounds for leading industry players, such as the Binance <\/a>cryptocurrency exchange.<\/p>\n\n\n\n

The company is also well-known for supporting the Amber Group, a provider of crypto financial services, earlier this year. It has also worked on numerous other business projects, including a carbon credit market that runs on a blockchain.<\/p>\n\n\n\n

Temasek, one of the largest investors in the world, has its headquarters in Singapore<\/a>. As of March 2022, Temasek's Asian portfolio was worth approximately 403 billion Singapore dollars, or $290 billion.<\/p>\n\n\n\n

Temasek declined to comment on the report. Temasek “does not comment on market speculation and rumors as a matter of policy,” a company representative said.<\/p>\n\n\n\n

The publication of the research coincides with Animoca's closing of a $75 million investment round in July, which secured the company's second round of funding after raising $360 million in January 2022.<\/p>\n\n\n\n

Venture capital behemoths including Sequoia China<\/a>, Winklevoss Capital, Liberty City Ventures, Kingsway Capital, and Alpha Wave Ventures, among others, supported the funding. According to reports, the company is now worth $6 billion.<\/p>\n\n\n\n

On August 26, MUFG, a significant Japanese bank, raised $45 million from Animoca's strategic subsidiary Animoca Brands Japan. Animoca Brands Japan focuses on cooperative collaborations in Japan for NFT-related business prospects, and it intends to use the recently acquired money to expand Web3 products there.<\/p>\n","protected":false},"excerpt":{"rendered":"

Singapore state investor Temasek will lead a $100 million funding round for blockchain venture Animoca Brands using convertible bonds. As major government-affiliated corporations apparently continue to bet on significant sector participants, the venture capital market for the cryptocurrency industry is reportedly holding strong despite the crypto winter. According to a Tuesday Bloomberg story, the $100 […]<\/p>\n","protected":false},"author":12,"featured_media":34695,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5023,1659,11212],"class_list":["post-34692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-animoca-brands","tag-funding","tag-temasek"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/08\/image-244.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/34692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=34692"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/34692\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/34695"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=34692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=34692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=34692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}