Ready Player Me, a platform for creating metaverse avatars, has announced a $56M funding in order to expand its business. The investment will be used to maintain recruiting, increase the number of developer tools on the platform, and develop new services for creators.
The Series B Funding is led by Andreessen Horowitz (a16z capital firm) with a list of other big name participants from the tech industry.
- David Baszucki, co-founder of Roblox
- Justin Kan, co-founder of Twitch
- Sebastian Knutsson and Riccardo Zacconi co-founder of King Games and company Endeavor
- Kevin Hart and Hartbeat Ventures
- TikTok-y D’Amelio family Snowfro; Collab Currency; Punk6529; Plural; Konvoy Ventures;
- Robin Chan, co-founder of Fractal
Compared to last year’s Series A funding that has raised $13M that was led by Taavet + Sten. Ready Player Me is booming and has handled more than 5 million avatars across its 3,000 partners spanning from both Web 2.0 and Web 3 environments including VRChat, Spatial, Somnium Space and RTFKT. it also worked with fashion brands such as Adidas and Dior to assist them in creating cross-game avatars across the metaverse.
Editor’s Note: This article by The Mega Maxi is not a financial advise.