Southeast Asia's first woman-led metaverse entrepreneurship BuzzAR has raised USD$3.8 million in an oversubscribed seed funding round. The round was funded with the participation of investors from US accelerator program F50 Elevate, former Marina Bay Sands executive, Ian Wilson and IP & Brand Protection expert, Peter Hlavnicka, to name a few.
"BuzzAR is poised to be Southeast Asia's first Metaverse startup that has fully scaled the 7 enablers of the Metaverse,” said Bell Beh, Co-Founder & CEO of BuzzAR.
“The company is launching 3 GameFi projects, riding on BuzzAR's HappyToon avatar engine, where 2 million avatars have been generated by users from 163 countries. There are investors in the pipeline to raise its first 8 figures funding to scale the vision of building an inclusive metaverse."
The funds raised will go into achieving a more inclusive and family-friendly metaverse. The startup aims to scale the metaverse business globally, after gaining accelerated growth in Southeast Asia, with A-list venues signing multi-year contracts, featuring the most exquisite venues to the global audience.
Photo Credit: BuzzAR