Singaporean venture capital firm MightyJaxx completes $ 10 million funding round, Tencent leads investment

Singapore-based collection design and development firm Mighty Jaxx completed a $ 10 million funding round, with Tencent as the investment leader, followed by Korea Investment and KB Investment. The company's total revenue reached $ 14.8 million. Since its inception in 2012, Mighty Jaxx has partnered with global brands such as Cartoon Network, Warner Bros., DC Comics, Looney Tunes and Sesame Street to develop a wide range of products. Last year, the company incubated MightyVerse, a blockchain technology release platform that could store data and digital assets in a collection and facilitate integration. The company also entered the NFT market, launching two NFT series in April this year with the physical collection. Designer Jackson Aw said in an interview that they have been joining the blockchain since 2019 to review the physical device Mighty Jaxx. (Vulcain substation)