Australia-listed gaming firm iCandy raises $29m in Animoca Brands-led funding

Australia-listed gaming firm iCandy raises $29m in Animoca Brands-led funding

Australian Securities Exchange. REUTERS/Steven Saphore

iCandy Interactive, an ASX-listed mobile games and entertainment group, has announced raising A$40 million (about $29 million) from institutional investors led by gaming major Animoca Brands, via an oversubscribed placement.

In a disclosure, iCandy said proceeds from the placement will be used in part to finance its 100% acquisition of Lemon Sky Animation and for general working capital.

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