Sky Mavis announced that it had completed a $150 million financing round after more than $600 million worth of assets were stolen from Ronin Network last year. Investors included Animoca Brands, a16z, Dialectic, Paradigm and Accel. In the end, Sky Mavis only raised $11 million in this round of financing. According to data from VentureCap Insights, which tracks regulatory filings in Singapore, this reduced the company's valuation from $3 billion to $1.95 billion.