Capital raise will provide working funds to reach the public launch stage of the Metraverse App.
Metraverse Pte. Ltd has finalized its seed funding round with a total raise of USD $500,000 in return for a 5% share equity dilution. Strategic partners Mind Fund and Charles Dickins Ltd joined pre-seed investor Jelurida.
Switzerland-based Jelurida, the creators of the Ardor blockchain ecosystem have seen the value of their original investment grow by approximately 350% in just two years, and their software powers the company's GPS Ecosystem, which will continue to power the Triffic App development branch.
Mind Fund is a global venture capital company who count early-stage investments in Animoca Brands, The Sandbox, plus investments in Bytedance - the owners of TikTok - amongst their portfolio of successful Web3, and mobile companies in the United States and Asia. Charles Dickins Ltd is a UK based holding company with a varied portfolio of technology, property, and logistics investments, and Metraverse represents their first foray into the world of blockchain technology.
Metraverse CEO, James Malach, commented "We're absolutely elated to have been able to repay the faith that Jelurida had in what was originally just a crazy idea I had back in the summer of 2016. And now our team is going to spend some time working directly with Mind Fund on something that's a real game-changer. Literally! We should be in a position to announce more by the end of April."