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The line between social networking and gaming is increasingly blurring, and internet incumbents are taking notice. NetEase, the second-largest gaming company in China (behind Tencent), is among a group of investors who just backed IMVU, an avatar-focused social network operating out of California.
Menlo Park-based Structural Capital among other institutions that also joined in the strategic round totaling $35 million. IMVU has raised more than $77 million from five rounds since it was co-founded by “The Lean Startup†author Eric Ries back in 2004. The company declined to disclose its post-money valuation.
The fresh investment will be used to fund IMVU’s product development and comes fresh off a restructuring at the company. A new parent organization called Together Labs was formed to oversee its flagship platform IMVU, in which users can create virtual rooms and chat with strangers using custom avatars, a product that’s today considered by some a dating platform; a new service called Vcoin, which lets users buy, gift, earn and convert a digital asset from the IMVU platform into fiat; and other virtual services.
Founded in 2005, NetEase is now known for its news portal, music streaming app, education products and video games that compete with those of Tencent. It has over the years made a handful of minority investments in companies outside China, though it’s not nearly as aggressive as Tencent in terms of investment pace and volume.
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Re: Free IMVU Credits No Human Verification
This is completely insane. Some guy just created a solo level with under 80k objects that manages to be better than most large-scale megacolabs with 5x the object count. Easily my favorite discord gauntlet entry.
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Geometry Dash Scratch
Re: Free IMVU Credits No Human Verification
This is absolutely absurd. Someone has just created a solitary level with fewer than eighty thousand objects that is superior to most large-scale megacollabs with five times as many objects. Easily my fave entry in the discord gauntlet
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x trench run
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Re: Free IMVU Credits No Human Verification
It's totally crazy what's going on. Recently, a solo level with fewer than 80k items was produced by some guy who managed to outperform most large-scale megacolabs with five times as many objects. Easily my favorite Discord Gauntlet submission.
Rainbow Friends: Chapter 2
Rainbow Friends: Chapter 2
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Re: Free IMVU Credits No Human Verification
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Re: Free IMVU Credits No Human Verification
It's interesting to see the intersection of social networking and gaming, especially with the investment in IMVU. The concept of virtual rooms and custom avatars is intriguing. Speaking of online platforms, have you ever taken the rice purity test?
Re: Free IMVU Credits No Human Verification
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Re: Free IMVU Credits No Human Verification
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Re: Free IMVU Credits No Human Verification
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