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Exclusive-NFT startup Immutable valued at $2.5 billion in Temasek-led financing

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Australian NFT startup Immutable has raised fresh funding from investors led by Singapore's Temasek in a round that values it at $2.5 billion, the company said on Monday, as it taps a surge in interest in cryptocurrency and NFT ventures.Investors in the $200-million funding round include Mirae Asset, Para

Australian NFT startup Immutable has raised fresh funding from investors led by Singapore's Temasek in a round that values it at $2.5 billion, the company said on Monday, as it taps a surge in interest in cryptocurrency and NFT ventures.

The company had raised money at a valuation of $410 million in its previous funding round in 2021, it said. In February, it announced a partnership with GameStop to launch the videogame retailer's NFT marketplace alongside a fund worth $100 million dedicated to supporting creators of NFT content from gaming studios, Web3 and metaverse gaming.

"We're excited to raise this capital so we can help deploy it aggressively through M&A opportunities," Immutable's co-founder and president, Robbie Ferguson, said.

 

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