5Y News | XVERSE Completes $120 Million Funding Round
Define your world.
XVERSE announced the completion of its Series A+ round, led by HSG, with Temasek and CPE Source Peak participating, and existing investors Gaorong Capital, 5Y Capital, and Hillhouse continuing to add to their positions since the angel round. The previous Series A was led by Hillhouse, with the two rounds totaling $120 million.
Yu Cheng, partner at 5Y Capital, said: "The metaverse is the intersection of virtual and physical worlds. Building this beautiful new world requires both foundational infrastructure and front-end application innovation. XVERSE has made this its mission and possesses the strongest capabilities and potential to achieve it. Congratulations to the company on completing this new round of financing — this is also external recognition of the significant progress XVERSE has made across team building, technology, product development, and commercialization in its first year. Happy birthday, XVERSE!"
Coinciding with the company's anniversary, XVERSE also held a small commemorative event in its true-to-life "3D OFFICE" to gather virtually with everyone.
👆 Video tour 👇 Enter OFFICE
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