Kaleidoco, a Web3 entertainment technology company creating original augmented reality (AR) experiences, this week announced the raise of $7M in seed funding. Top names in gaming, entertainment, and blockchain participated in the round, including Animoca Brands, GameFi Ventures, Gemini, Jane Street, Adit Ventures, Merit Circle, Nexo, HexTrust, SuperChain Capital, and TSG (The Seelig Group). The funding will be used to accelerate growth through key hires as Kaleidoco continues to build out its AR Tech Platform and Particle Ink Metaverse.The funding is the latest in a string of momentum for Kaleidoco, which recently debuted Particle Ink, its mixed reality metaverse set within the 2.5th Dimension, at the opening of TED2022. The presentation showcased Kaleidoco’s never-before-seen, patent-pending Augmented Reality Multi-Viewer technology, which enabled nearly 1,400 guests in attendance to simultaneously experience AR, projection mapping, and live performance through synchronized tablets. The experience was also broadcast live globally.
Kaleidoco also recently opened the first live portal into the 2.5th Dimension, Particle Ink: The Speed of Dark, in the Las Vegas Arts District, with the portal open from Wednesday through Sunday at 7 PM and 9 PM. For tickets and more information, visit www.particleink.com.
Later this year, Kaleidoco will be expanding the Particle Ink Metaverse with the release of its first AR NFT collection and GameFi experience utilizing its patented Augmented Unification Technology.
“Kaleidoco’s mission is to propel Web3 and mixed reality entertainment forward through the Particle Ink Metaverse and augmented reality technologies that engage, inspire, and connect the world,” said Jennifer Tuft, co-founder and co-CEO of Kaleidoco. “Using AR as the foundation for a metaverse allows us to stay grounded in our physical world and with those around us while also benefiting from the boundless potential of the digital world.”
“We are excited and driven by the potential of AR both in and out of the entertainment sector, and we believe AR will play just as big of a role — if not a bigger one — than VR in the metaverse,” said Cassandra Rosenthal, co-founder and co-CEO of Kaleidoco. “AR is the 4th dimension layered onto everyday life. We are already seeing the beginnings of this for instance in social interactions, education, and retail which seamlessly engages customers and clients more robustly.”
“We invest in disruptive companies with the power to shape tomorrow’s economy, and we are particularly excited about Kaleidoco’s cross-vertical potential and ability to scale at pace,” said Jon Cholak, partner and co-chief investment officer at Adit Ventures. “The company’s unique Augmented Unification technology is primed to shake up the entertainment industry, and we’re looking forward to seeing its evolution and the immersive and interactive experiences it can create.”
Full Story here.