About Avakin
Avakin is a company based in Nottingham (United Kingdom) founded in 2013 by Halli Bjornsson. Avakin has raised $27.8 million across 2 funding rounds from investors including Tencent, Novator Partners and David Helgason. Avakin operates in a competitive market with competitors including IMVU, Meta, Decentraland, Resolution Games and ZEPETO, among others.
- Headquarter Nottingham, United Kingdom
- Founders Halli Bjornsson
- Stage Minicorn
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Sectors
TechnologyMedia & Entertainment
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Email
Locked
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Phone
Locked
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Website
Locked
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Social
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- Legal Name Lockwood Publishing Limited
- Date of Incorporation 10 May, 2007
- Jurisdiction NOTTINGHAM, ENGLAND
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$27.8 M (USD)
in 2 rounds
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Latest Funding Round
$26.5 M (USD), Series A
Oct 23, 2020
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Investors
Tencent
& 3 more
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Employee Count
Not available
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Funding Insights of Avakin
Avakin has successfully raised a total of $27.8M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $26.5 million completed in October 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Avakin
Avakin has secured backing from 4 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Tencent, Novator Partners and David Helgason.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments in Europe are managed by Novator Partners.
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Value-added internet, mobile, and telecom services are provided in China.
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DH
David Helgason |
Co-founder of Unity Technologies, active angel investor in tech startups.
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Investor details for Avakin
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Investments & Acquisitions by Avakin
Investment portfolio details for Avakin
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Financial Statements - Avakin
Detailed financials for Avakin
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Avakin Comparisons
Peer comparison for Avakin
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
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Competitors of Avakin
Avakin operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as IMVU, Meta, Decentraland, Resolution Games and ZEPETO, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Provider of an online 3D avatar-based social network
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Metaverse platforms and VR devices are developed for immersive interactions.
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Virtual world games are facilitated through an NFT-based platform.
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VR casual games are developed for major platforms.
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Metaverse social platform offering 3D character creation
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Provider of a VR-based social platform
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Detailed competitors of Avakin
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
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Latest news on Avakin
Complete news archive for Avakin
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Frequently Asked Questions about Avakin
Avakin was founded in 2013 and raised its 1st funding round 6 years after it was founded.
Avakin is headquartered in Nottingham, United Kingdom.
Avakin is a funded company, having raised a total of $27.8M across 2 funding rounds to date.
Avakin is a provider of an app to develop intelligent 3D avatars. It allows users to create and customize 3D avatars with clothes, hair, makeup accessories and chat with fellow Avakin friends. Also, it allows users to share their ideas, work, or content through avatars on the app. It is available on iOS, Android, Amazon, and Facebook Game room.
Avakin's top competitors include ZEPETO, IMVU and Decentraland.
Avakin has 4 investors. Key investors include Tencent, Novator Partners, David Helgason, and Hilmar Pétursson.
The valuation of Avakin is $120.34M as of Oct 2020.