London, 19 May 2022 – Hogan Lovells has advised FTX Ventures Ltd, a fund set up by the founder of one of the world’s largest cryptoasset exchanges FTX, on its $7.5million seed investment in the Cambridge-based gaming developer JustWontDie Ltd.
FTX Ventures was founded by Sam Bankman-Fried (who also founded FTX, one of the world’s largest cryptoasset exchanges) and is a $2 billion fund with an investment focus on equities and cryptoassets in the Web 3.0 space.
Its latest seed investment of $7.5 million is in JustWontDie Ltd, a Cambridge-based gaming developer founded by the multi-award winning game studio behind both enhanced-reality pioneer PlayFusion and prior to that, Jagex, the UK’s largest independent games developer and publisher. The investment will assist the gaming developer in its next stages of growth and innovation.
The Hogan Lovells team was led by corporate partner Anthony Doolittle, with support from associates Claire Macpherson, Nick Cooke and trainee solicitor Farheen Ahmed. Specialist support was also provided by partner and Head of the Digital Assets and Blockchain practice John Salmon, associate Christina Wu (regulatory and FinTech) and senior associate Callum Fowers (tax and incentives).
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
