Allseated Ramps Up Its B2B Metaverse Project with $15M Funding

Allseated has completed a $15M funding round backed by Trinity Capital, Vestech Partners, NYFF, Magma Venture Partners, and WGG as it builds its B2B Metaverse.
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Quick take:

  • Metaverse ‘pioneer’ Allseated has raised $15 million in a new funding round.
  • The company funds will be used to accelerate the development of its B2B corporate metaverse.
  • Trinity Capital, Vestech Partners, NYFF, Magma Venture Partners, and WGG participated in the funding round.

Allseated is highly regarded as one of ‘the pioneers’ of the metaverse. According to reports, the 3D virtual world startup invented the metaverse long before Mark Zuckerberg thought about it as being the future of Facebook.

Allseated is working on an ambitious B2B metaverse project, which is a scaled platform of its events metaverse. 

In the latest fundraising, Allseated raised $15 million to beef up its plans to make the plan a reality. The funding round was backed by Trinity Capital, Vestech Partners, NYFF, Magma Venture Partners, and WGG.

According to analysts from Goldman Sachs and Morgan Stanley, the metaverse is estimated to be an $8 trillion opportunity, which is why leading brands have filed for trademark applications to launch relevant products when the opportunity arises.

Although gaming and buying virtual real estate continue to dominate headlines, corporations are also intensifying their activity in the space, buying virtual office space as part of a future project to offer metaverse-based services like staffing, consulting, and marketing, among others.

Allseated is looking to capitalise on the opportunity created by the insatiable demand for metaverse corporate offices.

Commenting on the company’s positioning following the latest funding round, Yaron Lipshitz, Allseated CEO said the metaverse will disrupt the way people and brands interact and engage with one another.

“Almost every CMO and HR leader we talk to is looking for ways to harness the power of the metaverse, and to drive new engagement paradigms with their customers, employees and partners,” he said, adding that the industry continues to create new opportunities, forming endless possibilities.

Daniel Anisman, Allseated Co-Founder/CTO lauded Allseated’s metaverse platform saying that it has “the unique ability to create metaverse environments to bring employees together, power lead generation, and support sales acceleration.”

Anisman added that Allseated’s creative team has brought a new experience to a market craving innovation and beyond the 2D screen.

The company’s B2B metaverse enables businesses to run internal and external engagement campaigns while supporting their brand identity.

The capital raise will boost Allseated’s 120% 2021 revenue growth this year, ahead of the expected global workforce expansion from 40 to 120 employees.

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