According to Odaily, Singapore-based collectibles design and manufacturing company, Mighty Jaxx, has secured $11 million in an A+ funding round. The funds will be used to drive business growth in the United States and Europe. In 2021, Mighty Jaxx raised $10 million in funding, with Tencent leading the round and participation from Korea Investment Partners and KB Investment.
Since its establishment in 2012, Mighty Jaxx has collaborated with global brands such as Cartoon Network, Warner Brothers, DC Comics, Looney Tunes, and Sesame Street to produce various collectibles. Last year, the company incubated the blockchain technology platform MightyVerse, which can store information and digital assets in collectibles, promoting a gamified collection experience.
The company has also entered the NFT market, launching two NFT collectibles paired with physical collectibles in April this year.