The new funding brings the company at a valuation of more than USD 5 billion. It’s a big leap from the USD 2.2 billion valuation the company was assigned in October when it raised a USD 65 million round. The company has now raised an estimated USD 604 million. The capital raise involved the issue of 111,173,515 new shares, which investors bought from Animoca Brands at the equivalent of USD 3.24 per share.
The company controls a portfolio of game products, both centralized and decentralized, branded and original, with coverage across most primary platforms including mobile devices, game consoles, PC, web, and blockchain. Products also include games, as well as collectibles, utility tokens, e-sports titles, and more.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.