About Passage
Passage is a company based in Winchester (United States) founded in 2022 by Lex Avellino. Passage has raised $6 million across 1 funding round from investors including Cosmostation, Akash Network and Vitwit. Passage offers products and services including Worldbuilding Tools, Social Tools, and Asset and Plugin Marketplace. Passage operates in a competitive market with competitors including Improbable, Hadean, Gravity Sketch Limited, Xmov and XVERSE, among others.
- Headquarter Winchester, United States
- Founders Lex Avellino
- SectorsMedia & EntertainmentTechnology
- Website passage.io
- Social LinkedIn X Instagram YouTube
- Legal Name Passage Virtual, Llc
- Total Equity Funding$6M (USD)
in 1 rounds
- Latest Funding Round$6M (USD), Seed
Jul 2023
- InvestorsCosmostation
& 6 more
Products & Services of Passage
Passage offers a comprehensive portfolio of products and services, including Worldbuilding Tools, Social Tools, and Asset and Plugin Marketplace.
No-code tools for creating customizable virtual worlds and environments.
Features for building and managing online social groups and interactions.
Marketplace for trading virtual assets and plugins for enhanced experiences.
Apps and channels of Passage
its YouTube channel passageio has 1.09K subscribers and 30 videos.
Videos from Passage
The most watched videos on Passage's YouTube channel, passageio (1.09K subscribers). Click a video to play it here.
More on passageio.
Funding Insights of Passage
Passage has successfully raised a total of $6M through 1 strategic funding round. The most recent funding activity was a Seed round of $6 million completed in July 2023. 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 $6M
- Total Rounds 1
- Last Round Seed — $6M
- First Round $6M
(Jul 2023)
- Investors Count 7
All 1 funding rounds of Passage with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2023 | $6M | Seed | – | Akash Network |
7 investors in total: 7 institutional.
Investors in Passage
Passage has secured backing from 7 investors, including institutional and venture fund investors. Prominent investors backing the company include Cosmostation, Akash Network and Vitwit.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | cogitent.ventures | - | |
Decentralized blockchain marketplace for cloud computing is operated. | 2015 | akash.network | San Francisco, United States | |
Early-stage founders are supported by Druid Ventures for internet innovation. | – | druidventures.com | - | |
Wallet solutions for digital assets are provided through decentralized platforms. | 2018 | cosmostation.io | Seoul, South Korea | |
Digital assets are managed by HyperChain Capital. | – | hyperchain.capital | - | |
Provides crypto staking infrastructure for networks like Ethereum and Solana. | 2018 | chorus.one | Baar, Switzerland | |
Provides blockchain development services, specializing in smart contracts and DLT solutions. | 2015 | vitwit.com | Hyderabad, India |
Investor details for Passage
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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People of Passage
5 people are tracked at Passage (4 in leadership, 1 in team).
| Name | Role | Group |
|---|---|---|
Lex Avellino | Founder | Leadership |
Caleb Applegate | CEO | Leadership |
Ryan Dolinsky | Chief Product Officer | Leadership |
Nicholas Roberts | Creative Director | Leadership |
Joshua Bartels | 3d Modeler | Team |
Complete people profiles for Passage
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Timeline of Passage
2 dated milestones of Passage across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Passage is founded.
- Funding First funding round of $6.0M.
Competitors of Passage
Passage 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 Improbable, Hadean, Gravity Sketch Limited, Xmov and XVERSE, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| improbable.io | 2012 | London, United Kingdom | $929.85M | 634 | Platform offering distributed simulation software for video games and corporate sectors | |
| hadean.com | 2017 | London, United Kingdom | $65.9M | 1 | Provider of a metaverse development platform | |
| gravitysketch.com | 2014 | London, United Kingdom | $38.43M | 29 | Provider of a 3D sketching tool for VR applications | |
| xmov.ai | 2017 | Shanghai, China | $110M | – | AI-based virtual digital human infrastructure is provided for media applications. | |
| xverse.cn | 2020 | Shenzhen, China | $160M | – | AI-powered platform for 3D content generation and display is developed. | |
| magnopus.com | 2013 | Los Angeles, United States | $6M | 78 | A platform for creating metaverse experiences is developed. | |
| treasure.lol | 2021 | Cayman Islands | $3M | – | Digital collectibles and games are facilitated through an NFT marketplace. | |
| mindeskvr.com | 2015 | San Francisco, United States | $1.63M | – | Real-time virtual 3D CAD design software is provided for collaborations. | |
| seengene.com | 2016 | Beijing, China | $18.9M | – | Metaverse development tools are created and supplied for virtual environments. |
Detailed competitors of Passage
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Passage
The website of Passage (passage.io) receives about 1.6K visits a month.
- Monthly visits1.6K
▼ 21.9% vs previous month
Latest news on Passage
Complete news archive for Passage
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Passage
10 companies that operate in the same segment as Passage (3D Animation & Modelling), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Unity is recognized as a leading real-time development platform. | 2004 | San Francisco, California, United States | USD 893.5 M | USD 1.85 B | 4,990 | |
Mobile app and SDK for 3D avatar creation are provided. | 2011 | Los Angeles, California, United States | USD 276.46 M | – | 39 | |
Platform offering AI-powered design tools | 2022 | San Francisco, California, United States | USD 42 M | – | – | |
Provider of an online 3D avatar-based social network | 2004 | Mountain View, California, United States | USD 65 M | – | – | |
Provider of cloud-based 3D CAD modeling software for the AEC industry | 1982 | San Francisco, California, United States | – | USD 7.2 B | 15,300 | |
AR-based content management software is offered for 3D product experiences. | 2018 | Toronto, Ontario, Canada | USD 2.1 M | USD 1.53 M | – | |
Graphics, animation, and compression software is provided for media industries. | 1982 | Aliso Viejo, California, United States | – | USD 17.36 M | 164 | |
Cloud and AI-powered tools for integrated circuit design are provided. | 1988 | San Jose, California, United States | – | USD 5.3 B | 12,700 | |
AI-enabled 3D virtual avatars are developed for interactive applications. | 2016 | San Francisco, California, United States | USD 117.5 M | – | – | |
Digital marketplace for content creators to discover, share, buy, and sell digital assets | 2010 | New York, New York, United States | USD 334.43 M | USD 209.45 K | – |
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Frequently Asked Questions about Passage
Passage was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Passage is headquartered in Winchester, United States. It is registered at Winchester, Virginia, United States.
Caleb Applegate is the current CEO of Passage.
Passage is a funded company, having raised a total of $6M across 1 funding round to date. The company's 1st funding round was a Seed of $6M, raised on Jul 2023.
Developer of a decentralized virtual content creation platform. It lets users integrate 3D video chat, presentations, collaboration, social functionality, and E-commerce into the platform. Its virtual assets can be minted into NFTs that can be interacted with or traded.
Passage's top competitors include Improbable, Magnopus and Treasure.
Passage offers Worldbuilding Tools, Social Tools, and Asset and Plugin Marketplace.
Passage has 7 investors. Key investors include Cosmostation, Akash Network, Vitwit, Druid Ventures, and HyperChain Capital.
Passage operates through Passage Virtual, Llc.