Animoca Brandsa subsidiary of TinyTapraised $8.5 million worth of funds in the financing round with the participation of important investors.
According to the statement made by TinyTap, among investors Sequoia China, Polygon, Liberty City Ventures, Kingsway CapitalAnd Shima Capital took place. TinyTap CEO Yogev ShellyIn a statement, he said that the funding took place in the form of a combination of tokens through SAFE and SAFT.
Company Reaches $100 Million Valuation
TinyTap, the edtech company owned by Animoca Brands, has raised funds Web3intended to use for education.
Stating that the exact plans for the token were not shared with investors at the close of the round, Yogev Shelly said: “We just focused on how a tokenomic model could benefit education and creative economies in general.”
Shelly, TinyTap was released last June by Animoca Brands about approx. 84 percentIt was purchased for 39 million dollars for shares of . 100 million dollarsHe said it’s worth it.
October 2022 Stating that they started to raise funds in ., Shelly stated that some investors withdrew in November due to the bankruptcy of the FTX exchange. When asked why the company was raising funds after it was acquired by Animoca, he said that even after the deal, the company still has an incentive to continue growing.
