- Companies
- Mocaverse
Mocaverse Valuation, Funding & Investors
Mocaverse is valued at $1B as of November 2024.
Last Mocaverse valuation
$1B
Series A · Nov 2024
Last Mocaverse funding round
$10M
Series A · Nov 2024
Cumulative funding Mocaverse raised
$30M
across 2 funding rounds
Key investors in Mocaverse
Kingsway Capital
CMCC Global
HSG
OKX Ventures
Liberty City Ventures
Gabby Dizon
About Mocaverse
Mocaverse is a web3 membership platform powered by Animoca Brands featuring NFT-based digital identities for gamers and creators. Hong Kong-headquartered, it integrates REPS points system across blockchain games and metaverses. Users access exclusive content, airdrops, and interoperability tools within the Animoca ecosystem including The Sandbox and Phantom Galaxies.
Founded
2022
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$1B (Nov 2024)
Mocaverse Valuation
Mocaverse is currently valued at $1B, based on its Series A in November 2024.
The $10M round included OKX Ventures, Decima Fund, Republic Crypto, Kingsway Capital, CMCC Global and 1 other investor.
Mocaverse valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Nov 2024 | Series A | $1B |
Mocaverse Funding History
Mocaverse has raised a total of $30M across 2 funding rounds.
Mocaverse's first fundraising round was a $20M Series A in September 2023. The most recent completed round was a $10M Series A in November 2024.
Mocaverse funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2024 | Series A | OKX Ventures; Decima Fund; Republic Crypto; Kingsway Capital; CMCC Global; HSG | $10M | $1B | Mocaverse, a Web3-native tooling platform by Animoca Brands, empowers products in gaming, culture, and entertainment by enabling users to create digital identities, accrue reputation, earn loyalty points, and access an ecosystem seeded by Animoca's 450+ portfolio companies reaching over 700 million users. It provides interoperable infrastructure like Realm SDK and Moca ID to drive mass crypto adoption. Mocaverse partnered with TON Foundation to onboard Telegram's 900 million active users via social casual gaming, sports, and IP experiences. Animoca Brands completed a $10 million SAFE funding round for Mocaverse on November 12, 2024, following $31.88 million raised in 2023, bringing total funding over $40 million. Investors included OKX Ventures, CMCC Global, HongShan (formerly Sequoia China), Republic Crypto, Decima Fund, and Kingsway Capital. The funds will fast-track operations, scale infrastructure for consumer crypto adoption, and build large user ecosystems. The SAFE converts to ordinary shares at $4.50 AUD per share after six months, with share count based on AUD:USD rate; current outstanding shares are 1,923,933,217. Investors received free MOCA Coin utility token warrants on a 1:1 dollar basis with 30-month vesting at $0.113 per token, implying a $1 billion fully diluted valuation for the token. |
| Sep 2023 | Series A | CMCC Global (lead); Yat Siu; Aleksander Leonard Larsen; Gabby Dizon; Liberty City Ventures; GameFi Ventures; Kingsway Capital; Koda Capital | $20M | - | Mocaverse is an infrastructure project developed by Animoca Brands that operates as a Web3-native platform for building digital identity and reputation systems within gaming, culture, and entertainment ecosystems. The platform enables users to create digital identities, accrue reputation, earn and spend loyalty points, and access an ecosystem seeded by Animoca Brands' portfolio of approximately 450 Web3 investments with over 700 million addressable users. Mocaverse functions as an interoperable infrastructure layer designed to facilitate mass adoption of cryptocurrency and blockchain technology through consumer-focused applications. In September 2023, Mocaverse raised $20 million in a funding round led by CMCC Global, a Hong Kong-based venture capital firm focused on blockchain and Web3 investments. The round included participation from prominent investors including Kingsway Capital, Liberty City Ventures, GameFi Ventures, Aleksander Larsen (founder of Sky Mavis), Gabby Dizon (founder of Yield Guild Games), Koda Capital, and executive chairman Yat Siu. CMCC Global later disclosed this as its largest investment to date, signaling the strategic importance of Mocaverse to the fund's investment thesis. The funding round proceeded the project's launch in December 2023, following earlier seed funding disclosed in that same month. Subsequent rounds in 2024 included a December 2023 pre-seed raise of $11.88 million and a November 2024 round of $10 million at a fully diluted token valuation of $1 billion for the MOCA utility token. |
Who has invested in Mocaverse?
12 investors have backed Mocaverse across its funding rounds, including Kingsway Capital, CMCC Global, HSG, OKX Ventures, Liberty City Ventures and Gabby Dizon.
Lead investors include CMCC Global.
Mocaverse Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | Sep 2023 | ||
| 2 | Lead | Sep 2023 | ||
| 1 | Participant | Sep 2023 | ||
| 1 | Participant | Sep 2023 | ||
| 1 | Participant | Sep 2023 | ||
| 1 | Participant | Nov 2024 | ||
| 1 | Participant | Sep 2023 | ||
| 1 | Participant | Nov 2024 | ||
| 1 | Participant | Sep 2023 | ||
| 1 | Participant | Nov 2024 | ||
This data is available for Pro users. Sign up to see all 12 Mocaverse investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialMocaverse Competitors
Mocaverse competitors include listed companies like HashKey Holdings and OSL Group, and private ones like Mythical Games, Doodles, Andalusia Labs and Axelar Network.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $704M | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Publicly listed | $92M | ($109M) | $884M | - | ||
| Publicly listed | $62M | ($48M) | $1.2B | 11.3x |
Mocaverse Public Comps
Mocaverse is still privately-owned, but its public comps include Xun You Network, Ubisoft, HashKey Holdings, Playtika, GungHo Online, DoubleUGames, BitGo Holdings, OSL Group, NHN Entertainment and Kakao Games.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $43M | $4M | 21.0x | - | 214.7x | - | |||
| $1.6B | $302M | 0.8x | 0.8x | 4.4x | 4.5x | |||
| $92M | ($109M) | 6.4x | - | (5.4x) | - | |||
| $2.8B | $180M | 1.1x | 1.1x | 16.4x | 3.9x | |||
| $599M | $37M | 0.3x | 0.3x | 5.5x | 4.0x | |||
| $524M | $170M | 0.9x | 0.9x | 2.9x | 2.4x | |||
| $16B | ($9M) | 0.1x | 5.5x | (125.1x) | 125.4x | |||
| $62M | ($48M) | 16.6x | 11.3x | (21.7x) | (23.2x) | |||
This data is available for Pro users. Sign up to see all Mocaverse competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Mocaverse
| When was Mocaverse founded? | Mocaverse was founded in 2022. |
| Where is Mocaverse headquartered? | Mocaverse is headquartered in Hong Kong, Hong Kong. |
| Is Mocaverse publicly listed? | No, Mocaverse is a private, VC-backed company. |
| What is Mocaverse's valuation? | Mocaverse was last valued at $1B in its Series A in November 2024. |
| How much funding has Mocaverse raised? | Mocaverse has raised $30M across 2 funding rounds. |
| What was Mocaverse's last funding round? | Mocaverse's last funding round was a $10M Series A in November 2024. |
| Who are Mocaverse's investors? | Mocaverse's investors include Kingsway Capital, CMCC Global, Yat Siu, Aleksander Leonard Larsen, Gabby Dizon, OKX Ventures, Liberty City Ventures, Decima Fund, GameFi Ventures, Republic Crypto and 2 others. |
| Which companies are comparable to Mocaverse? | Companies comparable to Mocaverse include Mythical Games, Doodles, Andalusia Labs, Axelar Network, HashKey Holdings and OSL Group. |
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