Founded at a valuation of $33 million, this ed-tech platform brings the advantages of the metaverse to education.
Invact Metraversity has received a seed round investment of $5 million from global VCs across three continents, including Arkam Ventures and Antler from India, Picus Capital from Germany, M Venture Partners from Singapore, BECO Capital from Dubai, and 2 am VC from the United States. This metaverse-based ed-tech platform brings the benefits of the metaverse to the field of education, and it is seeded at a $33 million value.
Invact Metaversity has already received funding from more than 70 entrepreneurs worldwide in the last month, including Balaji Srinivasan, former CTO of Coinbase and GP at Andreessen Horowitz, Caesar Sengupta, former Vice President and General Manager of Payments & the Next Billion Users initiative at Google, Benjamin Ampen, Managing Director of Twitter for the Middle East and Africa region, Singapore-based billionaire Kishin RK of RB Capital, and infland influencer Gregory Orosz, Author of ‘The Pragmatic Engineer’, Punit Soni, Former CPO of Flipkart and Founder of Suki, Akshay Kothari of Notion, Nithin Kamath of Zerodha, Kunal Bahl of Snapdeal and Ankiti Bose of Zilingo.
“Metaverse is a concept that stands at a cusp where it will be the lead factor in transforming the educational landscape. We will use this investment to bolster the product and technology team for the Metaversity platform, build a virtual-first curriculum and expand into Europe and the US,” said Manish Maheshwari, founder and CEO, Invact Metaversity.
Metaversity by Invact is a 3D immersive virtual learning platform. It enables students to communicate with one another and with their professors through animated avatars independent of their actual location. By allowing students to interact in virtual places, it encourages peer-to-peer learning and provides a community aspect that was previously lacking in online learning.
According to the business, the institution is being developed in the metaverse to encourage an immersive learning environment. Antler India joined other worldwide institutional investors such as Arkam Ventures from India, Picus Capital, M Venture Partners, BECO Capital, and 2am VC in their investment.
Maheshwari left Twitter in December to launch the ed-tech firm. Twitter announced in August of last year that Maheshwari would be going to the United States as Senior Director (Revenue Strategy and Operations) and will be focusing on new markets in his new capacity. It has not stated the cause for the abrupt shift.
This came after Twitter was chastised for its numerous steps taken on high-profile users’ messages and accounts. An FIR was filed against Maheshwari and others in June in connection with an investigation into a video of an alleged hate crime that went viral on social media. Maheshwari was the CEO of Network18 Digital before joining Twitter. He has also worked with companies such as Flipkart and P&G, among others.
