Virtual world co., Multiverse, raises $850,000 more in debt

April 17, 2007 | Matt Marshall
View Comments

Multiverse, a Mountain View company that builds virtual worlds for companies and individuals, said it has raised $850,000 in convertible debt from unnamed angel investors as it searches to raise a first round of capital, according to VentureWire (sub required).

There’s an overview article mentioning Multiverse and other virtual world companies in BusinessWeek.

From VentureWire:

Multiverse co-founder and Chief Executive Bill Turpin said the company has raised $2 million in convertible debt to date from 10 angel investors, which he declined to name…. Multiverse, founded in July 2004 and based in Mountain View, Calif., is creating a “virtual world browser,” a technology platform that allows businesses and independent game developers to create virtual worlds. Developers can then either connect their games and worlds via the platform or allow the content to stand alone.

Next Story:
Previous Story:

Print
Email
Twitter
Facebook
Google Buzz
LinkedIn
Digg
StumbleUpon
Reddit
Delicious
Google
More...

Tags: ,

About the Author,

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.

blog comments powered by Disqus