Gemini and Smile Group were both part of the metaverse and NFT-fuelled game publisher's latest round, valuing it at $5.4bn pre-money as it makes big strides in venture capital investing.

China-based gaming and blockchain technology developer Animoca Brands raised about $359m from investors including cryptocurrency exchange Gemini and internet group Smile Group yesterday as it continues to ramp up strategic investments.

Venture capital firm Liberty City Ventures led the round at a pre-money valuation of roughly $5.4bn, investing alongside participants also including 10T Holdings, C Ventures, Delta Fund, Gobi Partners Greater Bay Area, Kingsway Capital, L2 Capital, Mirae Asset and Pacific Century Group.

ParaFi Capital, Provident, Senator Investment Group, Sequoia…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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