Temasek, Boyu Led $110 Million Funding for Animoca Brands

Animoca Brands Corp., Asia’s biggest crypto investor and game developer, raised $110 million in a fundraising round led by Temasek Holdings Pte, bankrolling expansion even after a $2 trillion market meltdown.

The Hong Kong startup completed the capital raise from the issuance of convertible notes to new investors including Temasek, Boyu Capital, and GGV Capital, it said in a statement Thursday. Existing backers including Mirae Asset Management and True Global Ventures also participated in the round, which valued the firm at roughly $6 billion.

Animoca has raised more than $540 million this year, having first reached ...