Singapore-based toy collectibles startup, Mighty Jaxx has raised US$20 million in its Series A+ round.
The round was led by East Ventures with participation from Mirana Ventures, KB Investment, Korea Investment Partners, Easternwind International, Pan Solar Ventures and Teja Ventures.
The collectibles and lifestyle startup's total funding raised to date is at US$34.8 million, pushing its valuation to over US$200 million.
Moving on, Mighty Jaxx plans to tap on East Ventures’ expertise and connections in Southeast Asia to expand to more countries using the freshly raised funds.
Might Jaxx also expresses interest in the metaverse and wants to develop extended reality and Web3 capabilities in digital collectibles with the support Mirana Ventures.
Background of Mighty Jaxx
- The startup was founded in 2012 by serial entrepreneur Jackson Aw.
- Mighty Jaxx focuses on designing and manufacturing digital and physical collectibles.
- It has collaborated with major brands such as Adidas, Netflix, Hasbro, and Nickelodeon.
- Mighty Jaxx currently has offices in Singapore, China, London, and Los Angeles.
- The latest upcoming collaboration of Mighty Jaxx is the "Back to the Future x YARMS" Marty McFly and Doc Brown vinyl figures which are sold as a set of 2; both dressed in their iconic outfits from the pivotal scene in 1985’s Back to the Future.
