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We have raised additional funding from strategic Web3 investors, including The Sandbox and Gemini
Mar 29, 2023
We are pleased to announce that we have extended our Series B funding round, raising an additional $3 million from strategic web3 investors like The Sandbox, the Gemini Frontier Fund, HodlCo, and hedge fund Kingsway Capital. This comes after the company’s $25m Series B in late 2021. By bringing top web3 investors to our cap table, we validate our pivot into the metaverse and get support from top investors in the space. The funds will help us build our creative and tech solutions and drive our expansion across three continents.
LandVault’s vision is to accelerate the economy of the metaverse because we believe the mechanics of web3 will lead to a fairer distribution of wealth across the internet. The additional capital will be invested in 3 areas:
Growth of our commercial operations across our hubs in Dubai, Europe, Asia, and the US, as we bring more brands and organizations into the metaverse.
R&D to build our protocol Matera, making metaverse experiences more accessible and interoperable - which we consider a key pillar of what the metaverse needs to grow
New investment in innovative technologies, such as AI-powered tools, to accelerate the creation and monetization of immersive virtual experiences.
Our CEO, Sam, clarified, “Our vision has always been to accelerate the metaverse economy, and the advancement of AI technology is helping us fast-track our roadmap. The metaverse needs a ‘WordPress moment’ for anyone to build virtual experiences as easily as a website, and we are investing heavily in R&D to build these tools.”
Special thanks to our investors
LandVault has always had a close relationship with The Sandbox, starting as a builder only on this platform. While our capabilities have expanded to other platforms, we are still the largest builders on the Sandbox, with over 65 full-time builders dedicated to the platform. Having them participate in our round and join the LandVault journey is a huge moment for us. Sebastien Borget, COO and Co-Founder of The Sandbox expressed his confidence stating, “LandVault has established itself in just a year as one of the most active metaverse builders. We’re pleased to support them further on this journey as they continue to develop their activities and technology to inspire many other creators of the metaverse.”
Let’s keep building
We are incredibly excited for the future, with Sam explaining, “It is true that we are past the peak of inflated expectations for the metaverse, but if you ever doubt, just look at your kids or nephews - the Generation Alpha, born in 2010 or after, born playing games instead of watching TV. They use games as a way to communicate and are citizens of the metaverse. That is who we’re building this next phase of the internet for."
The tools and solutions we are building with this funding will bring us one step closer to democratizing the internet and accelerating the metaverse economy.
We’re excited to be on this journey and invite you to join us in building the open metaverse together. Contact us today to learn more.
Mar 29, 2023
LandVault is the largest metaverse builder with over 100 million square feet of virtual real estate, more than 120 full-time creators, and nearly 300 completed projects. We’ve been helping brands build and grow in gaming environments since 2017 and the metaverse since 2021.
LandVault’s platform-agnostic proprietary technology and creative powerhouse builds and delivers tailored, data-driven, and optimized business solutions and insights. We help clients launch, optimize, and monetize metaverse experiences.
LandVault’s mission is to accelerate the metaverse economy through technology with a vision of a fairer wealth distribution across the web.