Singapore-Based Collectibles Maker Mighty Jaxx Raises $20M Led By East Ventures

Mar 07, 2022•over 3 years ago

Amount Raised

$20 Million

Description

Singapore-based Mighty Jaxx, a startup that designs and manufactures phygital collectibles and lifestyle products, has raised $20 million in a Series A extension round led by East Ventures (Growth Fund).

Company Information

Company

Mighty Jaxx

About

Existing investors KB Investment and Korea Investment Partners also re-upped, the company said in a statement. The company had last raised $10 million in the first tranche of its series A round led by Chinese tech giant Tencent. The company added that it will work with Mirana Ventures to create experiences and products for the metaverse, 3D virtual worlds geared towards the gaming industry with the use of augmented reality gear. DealStreetAsia had in December reported that the VC firm is targeting a $350 million final close of its second growth fund in the first quarter of 2022. Mighty Jaxx said it will tap on East Ventures’ expertise in Southeast Asia to expand its presence in the region and create experiences that combine its physical products with digital elements.

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