On June 6th, The Sandbox secured $20 million in convertible debt financing, valuing the company at $1 billion. The funding round was led by Kingsway Capital and Animoca Brands, with participation from LG Tech Ventures and True Global Ventures. Note holders have the option to convert their holdings into equity in Bacasable Global Limited under the same terms as existing preferred stock.
The Sandbox secures 20 million in funding through convertible debt with lead investors including Animoca Brands
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