The company, which was stripped of its ASX listing in March last year when it had a market capitalisation of $120 million, is now worth $US2.2 billion.
The Hong Kong-headquartered gaming company hit the jackpot when it pivoted to non-fungible tokens in 2019, enabling players to collect in-game rewards, some of which can be exchanged for cryptocurrencies.
Fresh faces to this funding round include Sequoia China, Liberty City Ventures, Dragonfly Capital, and Jack Ma protegee Justin Sun.
APA Group’s war room should finally have more than theoretical M&A debates and spearthrowing on its plate, with the group expected to be in AusNet Services’ data room as early as Thursday.