In November 2021, LandVault raised a total of $37m. And now Metaverse builder LandVault has announced its strategic funding round with several web3 firms. The names include The Sandbox, the Gemini Frontier Fund, and Kingsway Capital.
LandVault has pivoted into building metaverse infrastructures. With this round, it is adding web3 investors and partners to its cap table. Having recently announced its expansion, the capital will be used to grow commercial operations across their hubs in Dubai, Europe, US, and Asia, and will further invest in technology, notably AI-powered tools to accelerate creation and monetization of metaverse content.
The round is a good credibility boost at a time when the hype surrounding the metaverse is said to be down, valuations are discounted, and many projects have yet to pan out. The investor demand for metaverse infrastructure is still high, and paying testament to this is LandVault’s 9-figure valuation from last year.
“Like us, our new investors see the metaverse as the future of the internet, a more immersive platform to share experiences. Getting there will be a long road, and it is great to bring together investors and partners that are also committed to this vision,” said, Sam Huber, CEO, LandVault.
“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,” said Sebastien BORGET, COO & Co-Founder, The Sandbox.
“Our vision has always been to accelerate the economy of the metaverse, and the latest progress in AI technology is helping us fast track our roadmap. The metaverse needs a ‘Wordpress moment’ for anyone to build in the metaverse as easily as building a website, and we are investing heavily in R&D to build these tools,” explained Huber.
Today the company counts over 130 full time builders, creating projects for the world largest organisations, and has used these experiences to take their data and monetization products to market, to help clients drive ROI in the metaverse.
