SoftBank Vision Fund 2 co-led the virtual avatar infrastructure builder’s $110m series C round, which emerged alongside a $20m series B featuring new and returning investors.
China-based metaverse technology developer Xmov announced on Wednesday it has closed two funding rounds including a $110m series C co-led by internet and telecommunications group SoftBank.
Venture capital fund Fresh Capital and investment firm Jinsha Capital co-led the company’s $20m series B round, investing alongside Sequoia Capital China and 5Y Capital. An unnamed ‘renowned’ strategic investor joined SoftBank’s Vision Fund 2 to co-lead the series C, which included Northern Light Venture Capital and Index Ventures.
Founded in 2018, Xmov is…
