TinyTap – a technological startup that empowers users to create different educational game-based activities – secured an $8.5 million fundraiser.

The company, which is a subsidiary of the blockchain gaming platform Animoca Brands, will use the funds to accelerate its product development and hire more staff.

Several giants in the finance field led the multi-million funding round, including Sequoia Capital, Liberty City Ventures, Shima Capital, and Kingsway Capital. Polygon also participated in the financing.

The Tel Aviv-based TinyTap said it will use the money to expand its team and enhance product development. Co-founder Yogev Shelly claimed the firm was supposed to secure the fundraiser last year, but the uncertainty in the cryptocurrency market halted the effort.

(by Dimitar Dzhondzhorov)