Celebrity-led venture capital firms back young technology company that aims to do for the metaverse what Netflix did for streaming video.
Everyrealm, one of the most active developers of metaverse content and infrastructure, revealed that a host of A-list entertainment talent are investors in the ten-month-old company, alongside existing investors Andreessen Horowitz and Coinbase.
Everyrealm’s latest investors include The Weeknd, Will Smith, Marc Anthony, Nas, Paris Hilton, Gunna, Baby Keem, Jeffrey Katzenberg, Gene Simmons, Lil Baby, Mario Götze, Hannah Bronfman, Fara Leff, Ebonie Ward, Miye Oni, Belly, Pro Logic, NAV, and others.
“Having such an accomplished roster of people on our cap table is an honor and a testament to the allure of the metaverse opportunity, one where artists and entertainers can foster direct connections with their communities,” said Janine Yorio, CEO of Everyrealm.
Prior to today’s news, Everyrealm announced on February 15, 2022 the closing of a $60 million Series A financing round led by Andreessen Horowitz. This marks one of the largest Series A funding rounds for a company led by a female CEO. The company revealed that this latest round values it in the “hundreds of millions” but declined to reveal the exact valuation.
Andreessen Horowitz’s Cultural Leadership Fund team facilitated introductions to The Weeknd, Will Smith’s Dreamers VC, Belly, Pro Logic, NAV, Hannah Bronfman, Wassim “SAL” Slaiby and Amir “Cash” Esmailian leading to their investment. Electric Feel Ventures, the investment firm led by Post Malone’s management team, worked with Lil Baby to lead a music industry investment syndicate.
Everyrealm is best known for its vast metaverse real estate holdings and developments in leading metaverse platforms including The Sandbox, Decentraland, and 23 others. Everyrealm’s metaverse real estate development projects include Fantasy Islands, an ultra-luxury master planned community in the Sandbox which sold an associated NFT megayacht for 150 ETH ($650,000); Metajuku, a shopping district in Decentraland; Realm Academy, the premier online educational campus in the metaverse, which is located in Somnium Space.
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