logo
logo

Metaverse Platform Bud Raises $15M Series A+ From Qiming Venture, Ggv Capital

Feb 14, 2022•over 3 years ago

Amount Raised

$15 Million

Round Type

series a

Shanghai

Description

BUD Technologies, one of the world’s largest 3D user-generated content platforms, has raised fresh capital in a Series A extension round led by Shanghai-based Qiming Venture Partners.

Company Information

Company

Bud

Location

Shanghai, Shanghai, China

About

The startup, founded in 2019, has now raised some $23 million in venture capital, since its $1.5 million seed funding from Sky9 in 2019. The company also plans to tap onto VR consoles to expand its adoption from the mobile-only platform. The company said that since the launch of its platform in June last year, more than eight million 3D content has been created, and 3D assets have been traded more than 45 million times. BUD, co-founded by Snapchat alumni Risa Feng and Shawn Lin, allows users to create and share 3D interactive experiences on a global virtual platform. BUD, which is setting up its headquarters in Singapore, has its operations spread across China and the US. “BUD is essentially a new kind of 3D social network.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech