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

Mocaverse Overview

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

Hong KongHong Kong

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

Mocaverse valuation by funding round
DateStageValuation
Nov 2024Series 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

Mocaverse funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2024Series AOKX Ventures; Decima Fund; Republic Crypto; Kingsway Capital; CMCC Global; HSG$10M$1BMocaverse, 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 2023Series ACMCC 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

Investors in Mocaverse by funding rounds participated
InvestorHQRoundsRoleFirst check
Kingsway CapitalUnited KingdomLondon2ParticipantSep 2023
CMCC GlobalHong KongHong Kong2LeadSep 2023
Yat SiuHong KongHong Kong1ParticipantSep 2023
Aleksander Leonard LarsenNorwayNorway1ParticipantSep 2023
Gabby DizonPhilippinesManila1ParticipantSep 2023
OKX VenturesSeychellesVictoria1ParticipantNov 2024
Liberty City VenturesUnited StatesNew York City, NY1ParticipantSep 2023
Decima FundJapanTokyo1ParticipantNov 2024
GameFi VenturesHong KongHong Kong1ParticipantSep 2023
Republic CryptoUnited StatesNew York City, NY1ParticipantNov 2024

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Mocaverse Competitors

Mocaverse competitors include listed companies like HashKey Holdings and OSL Group, and private ones like Mythical Games, Doodles, Andalusia Labs and Axelar Network.

Public and private companies comparable to Mocaverse
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Mythical GamesUnited StatesLos Angeles, CAPrivate--$1B-
DoodlesCanadaVancouverPrivate--$704M-
Andalusia LabsUAEAbu DhabiPrivate--$1B-
Axelar NetworkCanadaWaterlooPrivate--$1B-
HashKey HoldingsHong KongHong KongPublicly listed$92M($109M)$884M-
OSL GroupHong KongHong KongPublicly listed$62M($48M)$1.2B11.3x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Xun You Network$43M$4M21.0x-214.7x-
Ubisoft$1.6B$302M0.8x0.8x4.4x4.5x
HashKey Holdings$92M($109M)6.4x-(5.4x)-
Playtika$2.8B$180M1.1x1.1x16.4x3.9x
GungHo Online$599M$37M0.3x0.3x5.5x4.0x
DoubleUGames$524M$170M0.9x0.9x2.9x2.4x
BitGo Holdings$16B($9M)0.1x5.5x(125.1x)125.4x
OSL Group$62M($48M)16.6x11.3x(21.7x)(23.2x)

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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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