- Mytaverse recently announced it raised $7.6 million in a seed round of funding. These are the details.
Mytaverse – the next-gen platform empowering enterprises in a virtual shared metaverse – recently announced that it has raised $7.6 million in Seed funding to support the evolving needs of enterprises. Blumberg Capital led the funding round and they were joined by Baselayer Ventures, Correlation Ventures, Accelerator Ventures, and several others. A follow-on investment was made by Alberto Peisach. David Blumberg, founder and Managing Partner of Blumberg Capital, is joining Mytaverse’s Board of Directors, as is John Paul Milciunas from Baselayer Ventures.
As the world reopens, people and businesses are in need of a solution to bridge the divide between physical and digital reality. And companies and their customers are struggling to align the experiences of in-person, hybrid, and remote interactions. Mytaverse, officially launched in 2021, has already delivered business metaverse solutions for major brands such as PepsiCo, Zaha Hadid Architects, Dassault Aviation, and packaging manufacturer Tekni-Plex.
Initially launched as a cloud-based platform focused on meeting rooms, conferences, training simulations, interactive large-scale events, and exhibition spaces by Kenneth Landau and Jaime Lopez, Mytaverse is building for new multi-dimensional and cross-platform use cases across brand engagement, NFT galleries, entertainment, human resources, and coworking, in a more sustainable and cost-effective manner.
The new funding round will accelerate product development, expand sales and technology teams, and further deepen interactions with brands and support strategic partnerships. And it will enable the launch of powerful new technology, including an automated platform giving enterprises the tools they need to build and manage their own spaces, 3D assets, and experiences in Mytaverse. On the product side, continued improvements will soon allow users to create increasingly accurate and look-alike digital versions of themselves, further adding to the sense of being in a true-to-life metaphysical space. Users will gain a more refined sense of freedom, permitting them to do what they want, when they want, and from anywhere.
KEY QUOTES:
“The pandemic was a catalyst for virtualization and the opportunities for innovation in the metaverse continue to expand. Mytaverse embodies the future of the virtual enterprise, where companies increase engagement and efficiency by creating compelling experiences in the metaverse. We are proud to partner with Kenny, Jaime, and the Mytaverse team as they help organizations unleash the potential of the business metaverse and bring transformative technology solutions to the enterprise and beyond.”
— David Blumberg
“Our mission at Mytaverse is to empower, engage and embolden the interactions between brands, their customers, and partners. We accomplish this by enabling our customers to deploy digital twins of their products in their own branded and photo-realistic, dynamic 3D setting. Mytaverse transcends borders and physical limitations by enabling anyone, anywhere, anytime to access the metaverse.”
— Jaime Lopez, CTO, and Co-Founder of Mytaverse
“We are building the premium business metaverse, not to replace physical interactions, but rather to replace the cold and fatiguing digital interactions we have been stuck with, with something closer to the richness and connection of real human experience.”
“Mytaverse enables people to share wonder, excitement, and joy as if they are connected face to face. After logging in, they get to experience in the Mytaverse what was once only possible in person, ensuring that our interactions are still meaningful and fully connected even when we are physically apart.”
— Kenneth Landau, CEO, and Co-Founder of Mytaverse
