Metaverse Startup Ready Player Me Obtains $56 Million in Series B Round

Ready Player Me (RPM), a startup that issues 3D avatars to be leveraged in the metaverse, announced that the firm has raised $56 million in a Series B funding round. The latest financing follows the company's Series A announced in December 2021, when the team raised $13 million in a funding round led by Taavet+Sten.

The Series B financing for $56 million was led by a16z, and other participants include Roblox co-founder David Baszucki, King Games co-founders Sebastian Knutsson and Riccardo Zacconi, Hartbeat Ventures, Punk6529, D'Amelio family, Snowfro, Collab Currency, Plural, and Konvoy Ventures. Twitch co-founder Justin Kan also participated in the RPM Series B. 

RPM CEO Timmu Tõke said:"This infusion of funds will allow Ready Player Me to continue scaling the avatar system to make it more flexible for developers, create new tools to help developers monetize with avatar assets, and build tools for individual creators to take part of the cross-game avatar marketplace."

RPM has already formed partnerships with well known companies which include firms like Adidas, Warner Brothers, Pull&Bear, and Dior. The startup is also working with Hiber, Mzaalo, the Nemesis platform, 8th Wall, and Pixelynx. RPM has also completed custom avatar infrastructure for corporate giants such as HTC, Verizon, Tencent, and Wargaming.

Source: Bitcoin.com