Amazon's VC arm leads $20 mln funding at entertainment firm Superplastic

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 15 (Reuters) - Entertainment company Superplastic said on Wednesday it had raised $20 million in a funding round led by the venture capital arm of Amazon.com Inc as it looks to expand its universe of digital characters. The latest cash infusion, a Series A extension, takes Superplastic's total funding to $58 million, the company said. It was not immediately clear at what valuation the funds were raised. Other investors that participated in the funding round include Craft Ventures, Google Ventures, Galaxy Digital, Kering, Sony Japan, Scribble Ventures, Kakao, Animoca Brands, Day One Ventures and Betaworks. Superplastic sells toys, apparel and non-fungible tokens in collaboration with brands, including Gucci, Fortnite, Mercedes-Benz, Tommy Hilfiger and celebrities such as Paris Hilton, Post Malone and The Weeknd. (Reporting by Medha Singh in Bengaluru; Editing by Shilpi Majumdar)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.