Hadean, a London-based metaverse startup, has raised $5m (£4.09m) to build out its immersive infrastructure.
Hadean develops web3 components that are used to develop metaverse experiences. The company was founded with the goal of expanding the scale of immersive experiences, which despite Facebook’s expensive push into virtual reality, have so far been limited.
“Our objective is to bridge physical and virtual worlds to improve decision-making, support the creator economy and, ultimately, enhance the quality of life in the real world,” said Hadean CEO Craig Beddis. (...)
The company has previously attracted investment from Epic Games, known for its online battle royale game Fortnite, and for developing Unreal Engine.
The new funds came in a round led by Ericsson Ventures and also included participation from Metrea Discovery, VU Venture Partners, Sanctor Capital and Tirta Ventures. (...)