iCandy Interactive, an ASX-listed mobile games and entertainment group, has announced raising A$40 million (about $29 million) from institutional investors led by gaming major Animoca Brands, via an oversubscribed placement.

The company and its subsidiaries offer a broad portfolio of game products, both centralised and decentralised, branded and original, with coverage across most primary platforms. In a disclosure, iCandy said proceeds from the placement will be used in part to finance its 100% acquisition of Lemon Sky Animation and for general working capital. iCandy has its core business in the development and publishing of mobile games and digital entertainment for a global audience.

Australia-Listed Gaming Firm Icandy Raises $29M In Animoca Brands-Led Funding

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Australia-Listed Gaming Firm Icandy Raises $29M In Animoca Brands-Led Funding

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