Singapore’s Mighty Jaxx receives investment from KB Investment, Greycroft Partners’ GC VR Gaming Tracker Fund
Mighty Jaxx International (Mighty Jaxx), an urban culture company that designs and manufactures collectibles and lifestyle products in partnership with global brands, announced today that it has bagged US$3.2 million funding led by South Korean VC firm KB Investment Co. This takes the company’s pre-Series A round to a total of approximately US$4.7 million.
Joining the funding round are Los Angeles-based VC Greycroft Partner, through the GC VR Gaming Tracker Fund, an investment fund that is dedicated to supporting companies across the virtual reality, augmented reality, video game and e-sport sectors. Existing investor SGInnovate also participated in the round.
Mighty Jaxx plans to channel the investment towards the further development of MightyVerse, its proprietary technology platform and to help it ramps up its production for the second half of 2020 as it on-boards entertainment companies, Hasbro and ViacomCBS’s Nickelodeon, on new global licensing deals.