Animoca Brands Japan raised $45 million, at a pre-money value of $500 million. This comes only months after the Animoca Brands subsidiary raised a $10 million seed round.This is just months after the Animoca Brands Japanese subsidiary raised a $10m seed round.
Animoca Brands Japan, a sister company of web3 investment firm Animoca Brands, raised $45 Million from Mitsubishi UFJ Financial Group, Inc., (MUFG), and Animoca Brands.
This raises the subsidiary’s premoney value to $500 million. The investment will be split equally between the two investors firms according to a Friday press release.
Animoca Brands, a Hong Kong-based web3 investment behemoth, has a portfolio that includes more than 340 investments, including The Sandbox and Axie Infinity.
Animoca Brands raised $75 Million in July at a pre-money value of $5.9 Billion.
A Japanese subsidiary was established in 2021 to promote the adoption of Web3 among Japanese intellectual property and content owners.
Animoca Brands Japan closed a $10 million seed round in February from MCP IPX One Fund. In March, the subsidiary company said it was looking at MUFG collaboration for NFT-related business opportunities.
MUFG, a Japanese financial company with a strong presence in Tokyo, Japan is a major. According to the release, it currently employs 170,000 people and has operations in over 50 countries. MUFG’s stock trades on the Tokyo, Nagoya, and New York stock exchanges. The firm manages $3.1 trillion of assets.
According to the release, the new funds will be used for licensing intellectual property, to promote web3 adoption, and to develop internal capabilities.