About XVERSE
XVERSE is a company based in Shenzhen (China) founded in 2020.. XVERSE has raised $160 million across 2 funding rounds from investors including Tencent, Temasek and Sequoia Capital. XVERSE operates in a competitive market with competitors including IMVU, Meta, ZEPETO, Improbable and VRChat, among others.
- Headquarter Shenzhen, China
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$160 M (USD)
in 2 rounds
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Latest Funding Round
$120 M (USD), Series A
Mar 11, 2022
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Investors
Tencent
& 5 more
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Employee Count
Employee Count
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Funding Insights of XVERSE
XVERSE has successfully raised a total of $160M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $120 million completed in March 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 2
- Last Round Series A — $120.0M
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First Round
First Round
(01 Jun 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series A - XVERSE | Valuation | Sequoia Capital China | |
| Jun, 2021 | Amount | Angel Round - XVERSE | Valuation | GL Ventures , Tencent |
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| 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 |
Investors in XVERSE
XVERSE has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Tencent, Temasek and Sequoia Capital. 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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A venture capital firm focused on technology and innovation investments.
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Founded Year | Domain | Location | |
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An investment platform is provided for diverse sectors and geographies.
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Founded Year | Domain | Location | |
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Early and growth-stage TMT startups are funded in China.
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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 XVERSE
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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 - XVERSE
| 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Xverse Comparisons
Competitors of XVERSE
XVERSE 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, ZEPETO, Improbable 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.
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| domain | founded_year | HQ Location |
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Metaverse social platform offering 3D character creation
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Platform offering distributed simulation software for video games and corporate sectors
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Provider of a VR-based social platform
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Metaverse social networking and online games are developed by Sulake.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
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 Xverse
Frequently Asked Questions about XVERSE
When was XVERSE founded?
XVERSE was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is XVERSE located?
XVERSE is headquartered in Shenzhen, China. It is registered at Shenzhen, Guangdong, China.
Is XVERSE a funded company?
XVERSE is a funded company, having raised a total of $160M across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $40M, raised on Jun 01, 2021.
What does XVERSE do?
XVERSE was founded in 2020 in Shenzhen, China, within the AI and graphics technology sector. An AI-powered platform for 3D content generation and display is developed, alongside technologies for high-performance computing in graphics, storage systems, audio and video codecs, and real-time communication. AI large language models supporting complex reasoning and multilingual comprehension are provided. An AI interactive reading application featuring tailored stories is also offered.
Who are the top competitors of XVERSE?
XVERSE's top competitors include ZEPETO, Improbable and IMVU.
Who are XVERSE's investors?
XVERSE has 6 investors. Key investors include Tencent, Temasek, Sequoia Capital, 5Y Capital, and Gaorong Capital.
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