Animoca Brands (Animoca Brands Corporation Ltd) is a Hong Kong-based game software company and venture capital firm. It was founded in 2014 by Yat Siu, and has revenue approximately US $573 Million for the four months ended on 30th April 2022.
The Co-Founder and Chairman of Animoca Brands Corp., Yat Siu, had a talk with Vlad Savov, Bloomberg Tech Editor, on crypto’s 2023. During their conversation, Mr. Siu shared about Animoca’s plans. His firm is looking to raise around $1 Billion this quarter for its new “web3 and metaverse” investment fund. While the firm set its target as much as $2 billion as recently as November.
The fundraising is to invest in blockchain and metaverse startups. But it seems like the firm is “sharply scaling back its ambitions during the current crypto industry meltdown.”
In a Twitter Spaces chat with Bloomberg in Hong Kong on January 5th, 2023, Mr. Siu …