IMVU Inc. raised $10 million in Series D funding, led by Best Buy Capital and joined by Menlo Ventures, Allegis Capital and Bridgescale Partners. The virtual (3D) dating network will utilize the funds in developing its 3D virtual community further. It has already reached 30 million registrations, where people use online 3D avatars to meet new people. Shawn Carolan, Managing Director of Menlo Ventures stated:
Menlo Ventures is excited to be supporting IMVU’s innovative future plans.
The company has emerged as a clear leader by delivering an experience unlike any other on the web. By providing the largest digital goods catalog in the world to its enormous and fast-growing member base, IMVU will continue to monetize at an exceptional rate.
Enter your comment here…
[Reply]