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HomeImmutableXImmutable raised $200 million in Series-C funding led by Temasek

Immutable raised $200 million in Series-C funding led by Temasek

Developer Chainless gods, InvariantRaised more than $ 200 million in Series C funding last week. This new funding, led by Temasek, also means that the company currently boasts a $ 2.5 billion market valuation.

James Ferguson, CEO of Immutable, said in a LinkedIn post: We’ve done a lot in the last four years, but it’s nothing compared to what we’re building today. “

According to Immutable, additional investors in this funding round included Future Assets, Parafi Capital, Declaration Partners and Tencent Holdings.

The underlying valuation is a surprising six-fold increase from the previous 2021 valuation of $ 410 million.

In its announcement on LinkedIn, the capital raised will be used to:
– Global expansion with more than 200 new hires in 2022
– Responding to growing demand for unchanging X and partners
– Expand studio content Gods Unchained & Guild of Guardian to millions of players

According to James Ferguson’s post on the same subject, the company’s staff-up consists of an additional 160 roles that the team is aiming to fulfill.

The company is more commonly known for its NFT-based fantasy card games, Gods Unchained, and mobile-based. Guardian Guild, Invariant X Is a dedicated platform for teams to make it easier for developers to build on a scalable and environmentally friendly blockchain network.

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