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Animoca Brands raises $110m in fresh funds

Fabio Quartararo of France and Monster Energy Yamaha MotoGP (Photo by Danilo Di Giovanni/Getty Images)

Hong Kong-based digital collectibles brand Animoca Brands has closed a strategic funding round of $110m (€109m), with new investors including Temasek, Boyu Capital and GGV Capital.

The funding round comes from the issuance of convertible notes to a small number of institutional investors at a conversion price of A$4.50 (€3.06/$3.09). As well as new investors, funding was provided by existing investors Mirae Asset Management and True Global Ventures (TGV).

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