Metaverse startups to watch, according to VCs

No one really knows what the metaverse is going to look like yet — but that hasn’t put investors off so far. European metaverse startups have raised around $666m so far in 2022 according to Dealroom, a significant rise against 2021’s $143m. 
The two biggest rounds of 2022 have both gone to London-based metaverse platform builder Improbable, which landed $150m in April followed by another round of $112m in October. In third place came AI-powered 3D visualisation software startup nfinite’s $100m Series B, led by Insight Partners. 
Investors are clearly keen to get in on the game, just in case the virtual reality world truly is the future. So which are the next big companies who will shape the direction of this nascent industry? Sifted asked some VCs with their eyes on the metaverse to share which early-stage companies they’re keeping tabs on. Here are the 13 startups they highlighted. 

Namat Bahram — associate at Omers Ventures
OMERS Ventures is a global early-stage tech investor with around $2bn in assets under management. Founded in 2011, the firm is part of OMERS, one of Canada’s largest pension providers. The company typically invests at Series A to C across both consumer and B2B. Portfolio companies include Deliverect, which helps restaurants sell online, search engine DuckDuckGo and tech data platform Crunchbase. 

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