VC Fund Investments
Edtech startup Invact Metaversity raises $5-M led by Arkam Ventures
San Francisco- and Bengaluru-based Invact Metaversity, which aims to build a virtual university town with multiple colleges, has raised USD 5 million in a seed round led by Arkam Ventures. Antler India, Picus Capital (Germany), M Venture Partners (Singapore), BECO Capital (Dubai) and 2amVC (US) also invested in the round, valuing the startup at USD 33 million. Founded by Manish Maheshwari, the former head of Twitter India, and Tanay Pratap, Invact Metaversity is being built on the metaverse to foster an immersive environment conducive to learning. The startup has also raised capital from over 70 individuals such as Balaji Srinivasan, former chief technology officer of Coinbase; Nithin Kamath, co-founder of Zerodha; and Kunal Bahl, founder of Snapdeal.
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