Sydney-based Immutable announced on Tuesday the closure of a $250 million funding round, which has propelled its valuation to $2.5 billion.
Investors were led by Singaporean sovereign fund Temasek, with backing from Animoca Brands and Chinese video gaming company Tencent, Immutable confirmed in a series of Tweets.
“Our ultimate vision is to bring digital ownership to the world via NFTs,” Immutable said.
The raise will allow the company to tackle a global expansion, including the planned hire of over 200 new staff.
Immutable is the developer of two non-fungible token (NFT) based video games – Gods Unchained and Guild of Guardians. In February, the crypto platform inked a deal with GameStop to build an NFT marketplace for its gaming followers.
Immutable has also created Immutable X, a platform that enables transactions at a much faster rate compared to the world’s second largest blockchain network, Ethereum.
“We are beyond grateful for the endless support & contribution by our raving community members & partners. We’ve done a lot over the past 4 years, but it’s nothing compared to what we’re building today,” Immutable tweeted.
