2 years ago
A Korean metaverse startup, Doubleme, is said to person raised $25 cardinal successful a Series A circular that saw the starring South Korean electronics shaper Samsung Electronics instrumentality part.
Capital Raised to Fund Marketing Efforts
The South Korean electronics and smartphone shaper Samsung is reported to person participated successful Series A backing which raised $25 cardinal for a Korea-based metaverse startup, Doubleme. The circular was led by Coentry Investment and NH Investment.
According to a Techinasia report, the startup, which was founded successful 2015 by Albert Kim, Michael Kuczynski, and Heeyoung Kim, volition usage the funds raised for merchandise development, selling and hiring purposes.
Doubleme besides aims to commercially motorboat a Twin World metaverse level that supports artificial world devices aboriginal successful the year, the study added.
Twin World, which was launched successful November 2020, allows users to make an artificial world acquisition successful immoderate carnal location. Since its launch, the level has generated astir $4.5 cardinal successful gross from its paying customers that are recovered crossed 17 cities.
Prior to the latest backing round, Doubleme had antecedently raised $1 cardinal successful seeding funding. In addition, the startup had besides received a $16 cardinal assistance from the South Korean and the U.K. government. Samsung has been doubling-down connected metaverse and NFT concepts for rather immoderate time.
At the extremity of March, Samsung partnered with Nifty Gateway successful bid to integrate NFT tech into the firm’s lineup of astute tv products. During the archetypal week of January, Samsung launched a virtual mentation of the company’s electronics store successful the Decentraland metaverse world.
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Terence Zimwara
Terence Zimwara is simply a Zimbabwe award-winning journalist, writer and writer. He has written extensively astir the economical troubles of immoderate African countries arsenic good arsenic however integer currencies tin supply Africans with an flight route.
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