According to a press release, the non-fungible token (NFT) scaling platform Immutable has raised $200 million in a Series C funding round led by Singapore state investment firm Temasek at a $2.5 billion value. The money will be used for global expansion, including Immutable Gaming Studio scaling and M&A activity.
Mirae Asset, ParaFi Capital, Declaration Partners, and Tencent Holdings were among the other investors in the round.
Immutable raised money last year at a $410 million valuation, according to the business, which was the first to report on the current investment round. In September, the $60 million Series B financing was completed.
Immutable, based in Sydney, is the creator of the popular NFT games “Gods Unchained” and “Guild of Guardians.” Immutable X, a layer 2 NFT infrastructure platform for enterprises to construct games, markets, and applications, was also developed by the company.
Immutable intends to hire 200 more employees over the next year, more than tripling its present 165-person staff.
NFT-related platforms have recently attracted significant investment monies and increased values. OpenSea, an NFT marketplace, secured $300 million in early January at a valuation of $13.3 billion. Soon after, Autograph, the platform co-founded by NFL star Tom Brady, raised $170 million in a Series B financing headed by Andreessen Horowitz (a16z) and Kleiner Perkins.