Metaversum, the developer and operator of the virtual world Twinity, attracts Balderton Capital as investor.
Berlin, 1st April 2008 Metaversum GmbH, developer and operator of the upcoming 3D virtual world Twinity, is pleased to announce a significant multi million Euro investment from Balderton Capital. Balderton Capital, formerly Benchmark Capital Europe, is one of the leading European venture capital firms, and recently sold its stakes in both Bebo and MySQL – both deals being amongst the most successful European internet/technology transactions of recent years.
Added to existing investment and support from founding VC Grazia Equity, the new relationship with Balderton Capital positions the Berlin start-up Metaversum for the global launch of its virtual world, Twinity.
Klaus Hommels, Balderton Capital’s representative on the Metaversum board, comments: “Virtual worlds linked closely with reality will significantly influence the future of the Internet. Twinity is one of the most promising projects in this exciting and competitive space and we look forward to accompanying Metaversum in this endeavor.“
Jochen Hummel, CEO of Metaversum, adds: “We are very glad to have won the support of an experienced international player in Balderton Capital. As we gear up to release our virtual world Twinity, the addition of our new partner puts us in a great position. “
The virtual world Twinity is currently in its private beta phase. Twinity offers its members the ability to move through the digital world using personal avatars, design their own 3D homes, communicate with friends, work or simply have fun. For additional information, visit www.twinity.com.