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Animoca Brands Raises $20M for Metaverse Project Mocaverse

Animoca Brands, a metaverse and gaming venture capital firm, has raised $20 million to advance its Mocaverse project from a group of other prominent Web3 investors. The investment was led by CMCC Global and included contributions from Kingsway Capital, Liberty City Ventures and GameFi Ventures, the Hong Kong-based company said Monday. Animoca co-founder Yat Siu also participated in a personal capacity. Animoca Brands has been one of the leading investors in NFTs, blockchain gaming and metaverse-related companies in recent years. The capital was raised through the sale of Simple Agreements for Future Equity (SAFEs) for about A$4.50 ($2.90) each.

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