Immutable Raises $200 Million in Its Series C Financing Round

Immutable, a leading platform for trading NFTs on Ethereum, announced that it has secured $200 million in Series C financing led by Temasek, with investments from leading blockchain game juggernaut Animoca Brands and technology company Tencent, bringing its valuation to $2.5 billion.

ParaFi Capital, Princeville Capital, Arrington Capital, Mirae Asset and Liberty Global also joined the round as new investors. King River Capital, Prosus Ventures, AirTree Ventures, Declaration Partners, Fabric Ventures, Possible Ventures and Alameda Research all increased their existing investments in Immutable.

This capital will be used to fuel Immutable's plans for global expansion, accelerate the company's growth by investing in the Immutable X platform, and scale the Immutable Gaming Studio, including its flagship games Gods Unchained and Guild of Guardians.

"We're thrilled to double down on our partnership with Immutable. We're excited to explore integrations with Immutable X across Animoca's portfolio of content - bringing next-level scale, security, and liquidity to the next generation of blockchain games,"said Yat Siu, Co-Founder and Chairman of Animoca.

To support the rapid global expansion plans, Immutable onboarded four new C-suite executives, including Gill Findlay as Chief Operating Officer and John Boris as Chief Growth Officer.

"Immutable is locked in on developing a leading, ambitious, and dependable web3 ecosystem for a new era of creators that desire scalable results in the world's fastest growing industry,"said James Ferguson, CEO, Immutable."Our investment partners understand the power and potential of the Immutable X platform and will play an integral role in this next phase of our growth. We are also excited to welcome new executive team members who will help execute on our aggressive business and growth plans."