EveryRealm Metaverse developer raises 60 million USD
This is the largest series A funding for a company led by a female CEO.
EveryRealm, previously known as Republic Realm, an active investor and developer of the metaverse ecosystem, raises 60 million USD in Series A financing round led by Andreessen Horowitz. This is the largest series A funding for a company led by a female CEO. In July 2021 Galaxy interactive invested in Republic Realm with 10 million USD.
EveryRealm which did a name change from Republic Realm is seeking to seeking to implement the vision of becoming the gateway to the entire metaverse ecosystem, a vast and interconnected network of social, interactive and immersive Web3 experiences, accessible to everybody.
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; and the GFT Shoppe, a multi-metaverse retail concept that sells NFTs inspired by cult brands like Atari.
“Metaverse real estate development is all about placemaking. Everyrealm creates innovative and addictive social spaces that are futuristic and interactive like video games but still familiar to a mainstream audience, by invoking real-world architecture, culture and events. Everyrealm is developing this interactive content across many genres, including sports, education, fashion, gaming, art and social experiences–all designed to draw users to the metaverse. We are also creating the infrastructure required to distribute that interactive content to a global, mainstream audience,” said Janine Yorio, CEO of Everyrealm. We are building the gateway to the metaverse, to do for the metaverse what Coinbase did for crypto, what Netflix did for streaming entertainment, and what Google did for the internet.”
Other investors in Everyrealm’s Series A financing round included Coinbase Ventures, NGC Ventures, Dragonfly Capital, Hashed, Lightspeed Venture Partners, Griffin Gaming Partners, Liberty City Ventures, Dapper Labs, Brevan Howard, Flamingo DAO, Wilshire Lane Capital, Pillar VC, Valor Equity Partners, Foresight Ventures, Animoca Brands, OneFootball, the Sandbox, Electric Feel Ventures, Goldentree and Everblue as well as individual investors Nas, Paris Hilton, Gunna, Mario Götze, Baby Keem, Jeffrey Katzenberg, Gene Simmons, Lil Baby, Randi Zuckerberg, Mark Pincus (of Zynga), Fara Leff, Ebonie Ward, Jeffrey Zirlin (of Axie Infinity), Sebastien Borget (of the Sandbox), Lucas Van Cranach (of OneFootball), Lauren Selig, Jonathan Cohen, Anthony Saleh and Andrew Farkas.
