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Animoca in Talks for Infusion From KKR as Funding Round Swells to $500M: Report
The Wall Street firm would add to the almost $360 million already raised from Winklevoss Capital, Soros Fund Management and others.
Updated May 11, 2023, 5:56 p.m. Published Feb 9, 2022, 11:47 a.m.
Global investment company KKR is in talks to join Animoca Brands' latest financing effort, taking its funding from the round to about $500 million, according to a report by Bloomberg.
- KKR is one of a number of investors in talks with Animoca, Bloomberg reported Wednesday, citing people familiar with the matter.
- The Wall Street firm, which manages alternative investments, such as private equity and hedge funds, would add to the almost $360 million raised from Winklevoss Capital, Soros Fund Management and others, which took Animoca's valuation to around $5.5 billion last month.
- Animoca is an investor in non-fungible token (NFT) and metaverse-related projects, with a portfolio that contains play-to-earn game Axie Infinity; Dapper Labs, the company behind NBA Top Shot; and OpenSea, the largest NFT trading platform.
- Hong Kong-based Animoca has more than doubled its valuation in recent months, following a $65 million fund raising at a $2.2 billion valuation in October.
- KKR declined to comment when contacted by CoinDesk. Animoca did not respond to a similar request.
Read more: The Sandbox Looks to Boost Metaverse Startups With $50M Incubator Program
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