Angels shine on virtual world creator Multiverse with $2.4M

January 12, 2009 | Camille Ricketts

Multiverse Network, creator of highly customizable virtual worlds and games, just roped $2.4 million in angel funding to help sustain itself through 2010 (and hopefully the whole of the recession). Its platform, pliable enough to fabricate a digital environment resembling the Titanic for historical education purposes, gives software developers the tools they need to build and launch worlds of their own.

These developers can even monetize their creations (many of them massively multiplayer online games) as long as they give a 10 percent kickback to Multiverse.

The Mountain View, Calif. company has also raised a first round of funding totaling $4.18 million from Sterling Stamos Capital Management. Angels have provided $10.5 million in the past.

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About the Author, Camille Ricketts

Camille was the lead writer for GreenBeat until August 2010. To reach VentureBeat's current writers, email tips@venturebeat.com.

http://venturebeat.com/2012/01/12/what-happened-to-multiverse/ What happened to Multiverse? The inside story of its closure and the truth about that Firefly MMO | VentureBeat

[...] that we would need to move on.” This was in the Spring on 2009, shortly after Multiverse had received $2.4M in angel funding, to help sustain itself through 2010. Pages: 1 [...]