Chinese metaverse infrastructure startup Xmov receives $130 million in funding · TechNode

Chinese metaverse infrastructure firm Xmov today announced Series B and Series C funding totaling $130 million. The company’s $20 million Series B was co-led by Fresh Capital and Jinsha Capital, while SoftBank’s Vision Fund and an unnamed strategic investor led the $110 million Series C with participation from Northern Light Venture Capital and Index Ventures. Founded in 2018, the computer vision and computer graphics company developed the popular virtual idol Ling, as well as virtual avatars for clients including Tencent, Alibaba, Xiaomi, and L’Oréal. The investment underlines the increasing interest from the market in the metaverse industry. [Xmov press release, in Chinese]


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