August 23rd, 2022: Ready Player Me Earns $56m in Series B Funding
Updated: Sep 16, 2022
Welcome back! Today's news is rather exciting for all XR developers, as Ready Player Me, the popular avatar creation tool gets big investments!
Ready Player Me, a leading designer of interoperable avatar technologies, announced it had received $56 million in Series B funding led by Andreessen Horowitz GAMES FUND ONE and a 16z crypto.
Additional investors include Roblox Co-founder David Baszucki, Sebastion Knutsson & Riccardo Zacconi, Robert Chan, Co-founder of Fractal, Justin Kan, Co-founder of Twitch and Fractal, Henry Ault, Co-founder for Eco, and many others.
Entities contributing to the Series B funding round also include Endeavor, D'Amelio family, Punk6529, Snofro, Konvoy, Nordic Ninja, Collab Currency, and Kevin Hart's Hartbeat Ventures.
The funding aims to scale up the company’s staff from 51 employees and stabilise its earnings amid market volatility as numerous developers rely on their platform.
The additional funds will boost flexibility and performance of the platform, add avatar creation tools and diversify real-time 3D (RT3D) assets for avatar demographics, and expand to other avatar platforms.