Animoca Brands Top Investment Group in Q2 2023

Animoca Brands Top Investment Group in Q2 2023

Animoca Brands emerged as the most active investor in Q2 2023 in terms of the count of investments, according to the fundraising digest. The firm recorded 36 deals during the quarter, outpacing other major investors such as OKX (27), Cognitive (24), Big Brain Holdings (20), Spartan (19), Hashkey Capital (17), and Fosun RZ Capital (17). Animoca Brands is a global leader in the field of digital entertainment, specializing in blockchain, gaming, and the metaverse. The company has a portfolio of over 380 investments in startups and established businesses operating in these areas. Animoca Brands' investment strategy focuses on supporting projects that are building the open metaverse. The firm believes that the metaverse will be a major force in the future of the internet, and it is committed to investing in companies that are developing the technologies and experiences that will shape this new digital realm. In Q2 2023, Animoca Brands participated in a number of notable investment deals, including the following: A $75 million Series B funding round in the blockchain gaming company Immutable X. A $50 million Series A funding round in the metaverse platform The Sandbox. * A $40 million Seed funding round in the Web3 gaming company Merit Circle. These investments underscore Animoca Brands' commitment to supporting the growth of the blockchain gaming and metaverse industries. The firm is well-positioned to continue to be a major player in these sectors in the years to come.