Sky Mavis has raised just $11 million of the $150 million it announced last year

According to Tech in Asia, Sky Mavis announced the completion of a US$150 million financing after the Ronin Network was stolen last year with assets worth more than US$600 million. Participating parties include Animoca Brands, a16z, Dialectic, Paradigm and Accel. The round was initially led by Binance, which later withdrew from the financing. But in the end Sky Mavis raised just $11 million in the round, bringing the company’s valuation down from $3 billion to $1.95 billion, according to VentureCap Insights, which tracks regulatory filings in Singapore.