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Mocaverse - Equity Financing
Overview
Funding Date
September 11, 2023
Financing amount
$20M
Valuation
--
About Mocaverse - Equity Financing
Animoca Brands Corporation Limited ("Animoca Brands" or the "Company"), the company advancing digital property rights for gaming and the open metaverse, today announced it has received binding commitments for a funding round to accelerate Mocaverse, one of the Company’s marquee projects. Animoca Brands has raised US$20 million (approximately A$31.3 million) via the issue of new ordinary shares at a price per share of A$4.50; as part of the raise, the Company has granted to the investors in the round a free-attaching utility token warrant on a 1:1 dollar basis.
The funding round was led by CMCC Global, with other investors including Kingsway Capital, Liberty City Ventures, GameFi Ventures, Aleksander Larsen (founder of Sky Mavis), Gabby Dizon (founder of Yield Guild Games), institutional investors of Koda Capital, and others. Yat Siu, the executive chairman and co-founder of Animoca Brands is also participating in the round.
The new capital will be used to advance the Mocaverse project, including product development, facilitating Web3 adoption, and securing partnerships to expand the gaming, culture and entertainment ecosystem of Animoca Brands’ portfolio of approximately 450 investments in Web3 companies and projects.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | Hong Kong | 2016 | 18 | -- | ||
| Fund | United Kingdom | 2013 | 30 | info@kingswaycap.com | ||
| Fund | United States of America | 2012 | 32 | info@libertycityventures.com | ||
| Fund | -- | -- | 11 | -- | ||
| Angel Investor | Unknown | -- | 13 | -- | ||
| Angel Investor | Philippines | -- | 38 | -- | ||
| Fund | Unknown | -- | 2 | -- | ||
| Angel Investor | Hong Kong | -- | 6 | -- |
Company Profile / Project Introduction
Mocaverse is building Web3-native tooling to empower products in gaming, culture, and entertainment verticals, allowing users to create their own digital identity, accrue reputation, earn and spend loyalty points, and use their digital identity to access the Mocaverse ecosystem, seeded by Animoca Brands' 450+ portfolio companies and partner network with over 700 million addressable users.