February 7, 2022 – Invact Metaversity, a startup providing immersive learning experiences for students around the world, has today announced that it has completed a successful seed funding round, bringing the company’s current valuation to a total of USD $33 million.
According to the company, business leaders & educators that joined the round included Kishore Biyani (Future Group), T.V. Mohandas Pai (Manipal Global Education), Dr. Ritesh Malik (Plaksha), and Kirthiga Reddy (former Facebook India head). The list also included entrepreneurs from startups such as Zilingo, Zerodha, Razorpay, Sheroes, Snapdeal, Koo, CARS24, Bounce, Leap Finance, Suki, and more.
The company added that it has now received funding from more than 70 global investors, including individuals from companies such as Microsoft, Meta, Coinbase, Google, Twitter, Uber, Amazon, Softbank, World Bank, Ford Foundation, Qatar Foundation, McKinsey, Spotify, GoJek, LinkedIn, Notion, Disney and more.
Invact Metaversity states that it is “at the intersection of education and the metaverse,” and that it is working towards bringing the benefits of virtual reality (VR) and digital second life to the world of education.
Commenting on the fundraise, Manish Maheshwari, Founder & CEO at Invact Metaversity, said: “I am overwhelmed by the faith that the investors have shown in our company’s vision to make education available to everyone immersively at a price they can afford.”
Tanay Pratap, Founder & CTO at the company, added: “The hardware is cheaper, the network is ubiquitous, and the world is getting ready for a more immersive experience in work and otherwise. Education is ripe to be disrupted with Invact Metaversity.”
It seems that Invact Metaversity is hoping to capitalize on the increasing significance being placed on virtual lives and the roles that these are starting to play as a part of people’s digital identities within the metaverse.
For more information on Invact Metaversity and its mission to deliver socially immersive learning experiences to people, please visit the company’s website.
Image / video credit: Invact Metaversity / Vimeo
About the author
Sam is the Founder and Managing Editor of Auganix. With a background in research and report writing, he has been covering XR industry news for the past seven years.