Australian-floated, Hong Kong-based mobile publisher Animoca Brands (ASX: AB1) has raised $5 million.
It sold 32.5 million shares in an over-subscribed institutional placement, which it said attracted "highly regarded institutions as well as some sophisticated investors".
In addition, the company hopes to raise a further $800,000 from existing shareholders who can invest at the same price via a share purchase plan.
The company previously raised $3.5 million in December 2015.
The new funds will be used to "meet working capital requirements and strategic growth opportunities"
As well as mobile games, Animoca Brands is moving into e-books, and also looking to acquire content and IP for its branded game and app portfolio.
"With this funding we're well positioned to expedite the development of our e-books in partnership with Mattel and continue to increase our app portfolio and user base as we seek further advertising revenue opportunities," commented CEO Robby Yung.