On June 6th, it was announced that The Sandbox has secured $20 million in convertible debt financing, with a valuation of $1 billion. This 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 shares.
The Sandbox completes 20 million financing through convertible debt led by Animoca Brands
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