Animoca Brands is set to announce that it has raised yet more capital in the form of convertible bonds, according to Bloomberg.
Animoca Brands has raised $100 million in a fresh funding round led by Singapore state investor Temasek, according to a report by Bloomberg.
Temasek declined to comment. Animoca had not returned request for comment by the time of publication. Game software and venture capital company Animoca Brands is set to announce that it has raised yet more capital in the form of convertible bonds, according to a report by Bloomberg on Tuesday. The crypto investment firm has clinched a $100 million deal with Singaporean Temasek as its lead backer,Convertible bonds may or may not be converted into equity at a later date. This fundraising method is sometimes used in the event that a company does not want to dilute its own shares, or was unable to raise equity capital.
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