About DoubleMe
DoubleMe is a company based in Sunnyvale (United States) founded in 2014 by Heeyoung Kim, Michael Kuczynski, and Albert Kim.. DoubleMe has raised $26 million across 4 funding rounds from investors including Gov.uk, Samsung and NH Investment & Securities. DoubleMe offers products and services including XR AI Education, XR Meditation, XR Game, Twin World, and DECAL. DoubleMe operates in a competitive market with competitors including IMVU, Meta, Decentraland, ZEPETO and VRChat, among others.
- Headquarter Sunnyvale, United States
- Founders Heeyoung Kim, Michael Kuczynski, Albert Kim
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Sectors
Financial ServicesTechnology
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Email
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Phone
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Website
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Social
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- Legal Name Doubleme Limited
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$26 M (USD)
in 4 rounds
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Latest Funding Round
$25 M (USD), Series A
Apr 20, 2022
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Investors
Gov.uk
& 4 more
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Employee Count
Employee Count
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Products & Services of DoubleMe
DoubleMe offers a comprehensive portfolio of products and services, including XR AI Education, XR Meditation, XR Game, Twin World, and DECAL. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enhances student skills through immersive XR learning experiences
Provides new meditation tools via XR for mental health support
Offers interactive healing games in virtual ecosystems
Connects users in spatial computing for reality-virtual interactions
Enables high-quality 3D scanning for content generation
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Funding Insights of DoubleMe
DoubleMe has successfully raised a total of $26M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $25 million completed in April 2022. 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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $25.0M
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Series A - DoubleMe | Valuation | NH Investment & Securities | |
| Jun, 2020 | Amount | Seed - DoubleMe | Valuation |
investors |
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| Jun, 2019 | Amount | Grant - DoubleMe | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in DoubleMe
DoubleMe has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Gov.uk, Samsung and NH Investment & Securities. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Startup growth is accelerated through focused accelerator programs by SparkLabs.
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Founded Year | Domain | Location | |
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Investment banking, brokerage, and wealth management services are provided.
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Founded Year | Domain | Location | |
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Multi-category electronic products are manufactured globally by the company.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by DoubleMe
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - DoubleMe
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Doubleme Comparisons
Competitors of DoubleMe
DoubleMe 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, ZEPETO and VRChat, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
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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| domain | founded_year | HQ Location |
Virtual world games are facilitated through an NFT-based platform.
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| domain | founded_year | HQ Location |
Metaverse social platform offering 3D character creation
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| domain | founded_year | HQ Location |
Provider of a VR-based social platform
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| domain | founded_year | HQ Location |
Metaverse social networking and online games are developed by Sulake.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Doubleme
Frequently Asked Questions about DoubleMe
When was DoubleMe founded?
DoubleMe was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is DoubleMe located?
DoubleMe is headquartered in Sunnyvale, United States. It is registered at Sunnyvale, California, United States.
Who is the current CEO of DoubleMe?
Albert Kim is the current CEO of DoubleMe. They have also founded this company.
Is DoubleMe a funded company?
DoubleMe is a funded company, having raised a total of $26M across 4 funding rounds to date. The company's 1st funding round was a Grant of $16M, raised on Jun 22, 2015.
What does DoubleMe do?
DoubleMe was founded in 2014 and is headquartered in Sunnyvale, United States. A horizontal metaverse platform is offered to consumers and enterprises for creating and experiencing immersive content. Compatibility with standard VR headsets is ensured, while production of holographic content and 3D modeling is facilitated. Operations focus on the metaverse and virtual reality sector, supporting diverse applications across digital environments.
Who are the top competitors of DoubleMe?
DoubleMe's top competitors include ZEPETO, IMVU and Decentraland.
What products or services does DoubleMe offer?
DoubleMe offers XR AI Education, XR Meditation, XR Game, Twin World, and DECAL.
Who are DoubleMe's investors?
DoubleMe has 5 investors. Key investors include Gov.uk, Samsung, NH Investment & Securities, Korea.net, and SparkLabs.
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