Animoca Brands has joined multicorporate-backed MCP to provide $10m for its Japanese spinoff, announced alongside a $30m startup accelerator formed with startup studio Brinc.

China-headquartered gaming and blockchain technology group Animoca Brands launched a Japan-based subsidiary yesterday with ¥1.1bn ($10m) in seed funding having also formed the $30m Guild Accelerator Program in Hong Kong.

Animoca Brands provided the initial seed funding for Animoca Brands Japan in January 2022, investing alongside asset manager MCP’s IPX One Fund.

MCP IPX One Fund was officially launched yesterday having accumulated limited partners including publisher Kodansha, rail operator Nishi-Nippon Railroad, financial services group Sumitomo Mitsui Trust Bank and unnamed…

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Edison Fu

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