Leading metaverse investor Animoca Brands has continued its impressive surge, as its Japanese subsidiary ‘Animoca Brands KK (Japan)’ raised $45 million, with a pre-money valuation of $500 million.
Amid a bearish market, Animoca Brands has signalled its bullish intent to facilitate the establishment of the open metaverse.
Indeed, the $45 million investment, made in equal sums, came from Animoca Brands Corporation Limited, and the Bank of Tokyo-Mitsubishi UFG (MUFG Bank) – one of Japan’s oldest and largest banks.
Only last month, Animoca Brands received a valuation of $5.5 billion, as they raised $75 million in an investment round including Liberty City Ventures and Kingsway.
Animoca Brands KK (Japan)
Animoca Brands Japan is a strategic subsidiary of Animoca Brands Corporation Limited, focused on cooperative partnerships in Japan for NFT related business opportunities.
Founded in 2021, the company draws major Japanese IP holders into the Web3 ecosystem, while contributing to the greater vision of its parent company.
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