Animoca Brands, a top-tier name in the metaverse and blockchain gaming sphere, has reportedly issued official announcements of details related to a fundraising led by Singapore’s state-owned investor Temasek.

Specifically, Animoca reportedly issued an official announcement regarding its successfully concluded strategic funding round of $110 million, from the issuance of convertible notes to a small number of institutional investors. 

Finalized at a conversion price of AU $4.50, or approximately $3.0, the new round values Animoca similarly to its previous funding round, the firm disclosed.

The notes round included new investors such as Temasek, the private equity entity Boyu Capital and the international venture capital company GGV Capital. These establishments have formed a strategic consortium of new investors, with a primary target of offering consultation to the fir as it carries on with the development and creation of its organizational structure.

Temasek, Boyu and GGV now share expectations of interacting and advising Animoca on a vast array of business issues, together with offering input on its business and capital gains, the announcement notes.

Furthermore, current investors in the round included high-profile South Korean investment entity Mirae Asset Management and the venture capital firm True Global Ventures.

Animoca is reportedly having plans down its pipeline to direct the new funds towards strategic acquisitions investments, building new products and securing licenses for intellectual properties. 

The firm further targets advances in the open metaverse, including attempts to promote digital property rights for online users.

“Our new investors will contribute strategic advice and perspective as we build the world’s leading company furthering digital property rights in the Web3 industry.”