MetaCene’s Seed Round Completed With Portfolio of Renowned Investors (2024)

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MetaCene has completed its seed fundraising round, amassing a remarkable group of both Web2 and Web3 investors. Bolstered by renowned powerhouses of both spheres, the round culminated with a total of $5M.

MetaCene is crafting a blockchain-based MMORPG, featuring a surreal post-apocalyptic world where players utilize a variety of NFTs to redefine civilization. MetaCene aims to create an accessible Web3 world for the masses, with a focus on player-centric entertainment, governance, and AIGC-powered creation.

Impressive Investor Support for MetaCene’s Vision

As a Web3 pioneer, MetaCene seeks to build a Web3 environment that is not only innovative but also Web2 friendly. This ambitious vision has garnered investments from a number of notable corporations, including a wealth of Web2 firms backed by renowned listing companies. SevenX Ventures and Hash Global are spearheading the investment round, with WeMade, Emurgo, MixMarvel DAO Venture, Sinovation Ventures, and LK Venture among the other powerful names bolstering MetaCene. SevenX Ventures is a venture capital fund birthed by crypto veterans boasting an average industry experience of 5 years. SevenX Ventures has built a name through expertise in marketing, funding, tokenomic design, and resource integration. Their remarkable track record in fostering entrepreneurship underlines their critical role in MetaCene’s journey. Hash Global, another prominent player in this round, is a fund management firm that specializes in blockchain and crypto asset investment. They intend to create a thriving Web3 ecosystem by connecting global creative forces with professional skills and robust resources. With their investment in MetaCene, their mission continues to gain traction. WeMade, a well-known South Korean video game developer and one of MetaCene’s prestigious backers, recently flaunted an impressive user base exceeding 120 million across Asia. They consistently demonstrate their potential through outstanding performance. Emurgo is a founding entity of the Cardano blockchain that provides products and services that accelerate the adoption of Cardano’s Web3 ecosystem. They’ve shown a strong interest in MetaCene’s shining potential. Further strengthening MetaCene’s alliance is LK Venture, a subsidiary of Linekong Group and a Web3 investment and research institution. Known previously as Consensus Lab, and having invested in over a hundred projects across diverse regions, It now pins considerable expectations on MetaCene. Sinovation Ventures, a dominant Chinese technology venture capital firm, bolster this lineup with its extensive experience investing in early-stage companies. Lastly, MixMarvel DAO Venture, a decentralized investment group known for working with high-caliber Web3 projects, extends its support to MetaCene. Their efforts have earned them a commendable reputation in the recent years of exponential growth. In total, MetaCene has secured an impressive $5 million in investment, fueling its ambitious vision for the future.

As the MetaCene world evolves, it garners widespread attention, interest, and the coveted trust of some of the industry’s most renowned entities. Their support serves as an endorsem*nt of MetaCene’s potential and capabilities. Even prior to the successful completion of the investment round, MetaCene had already forged alliances with world-renowned partners, officially announcing the collaborative union of 24 prominent entities. These include integrating blockchain content platforms MixMarvel and Space3, Web3 solutions provider BlockchainSpace, and the technical backbone services of Rangers Protocol. MetaCene also collaborates with metaverse supporters such as BreederDAO and Ancient8, while building a strong economic system with the powerful Element NFT marketplace. The partnership with IndiGG, one of the world’s largest gaming guilds, reflects the critical role of guilds and community participation in MetaCene’s growth. Other members like Hooga Gaming, Troy Guild, and MGG demonstrate their confidence in MetaCene’s performance and express their support for its world-building and expansion.

A Rising Tide of Anticipation for MetaCene’s Upcoming Initiatives

In the wake of the successful fundraising campaign, MetaCene’s disclosure of its upcoming plans has incited waves of interest and anticipation among both investors and gaming enthusiasts. A key highlight is the release of the Apostle NFT collection, the genesis NFT of the game ecosystem. This exclusive collection, limited to only 500 generative NFTs, grants early access to both testing and official versions of MetaCene, advanced in-game NFTs, and exclusive event participation. MetaCene is also gearing up for alpha testing, seeking critical insights and feedback to fine-tune user experience and optimize player-centric gameplay. Alongside the Apostle NFT collection and alpha testing, MetaCene will soon open whitelist applications for those interested in securing a coveted spot in the early access phase of the MetaCene ecosystem. A maximum of 3000 slots will be offered for the Alpha test, providing an opportunity to pre-test and preview the expansive landscape. With this successful fundraising effort, MetaCene confidently strides into the future of the Metaverse. The attentive community also echoes this optimism and anticipation for MetaCene’s upcoming developments.

MetaCene is building a next-gen blockchain MMORPG homeland for mass players. It presents a surreal post-apocalyptic society where survivors interact with diverse NFTs to redefine civilizations. MetaCene pioneers player-centric entertainment, governance, and creation through innovative PVE and PVP gameplays, robust technology infrastructures, social guild DAO governance, sustainable economic systems, and in-game editors. MetaCene is founded by gaming experts with 20+ years of industry experience from Shanda Games, Blizzard, Perfect World, and others. It envisages a multi-chain future from Rangers Protocol with real-time confirmation and super-low gas fees. The MetaCene Apostle NFT collection and the Alpha version are coming in 2023 Q2.

Related Items:MetaCene, NFT, press release

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MetaCene’s Seed Round Completed With Portfolio of Renowned Investors (2024)

FAQs

MetaCene’s Seed Round Completed With Portfolio of Renowned Investors? ›

We are proud to announce that MetaCene has successfully completed its seed funding round, raising $5 million from a range of notable investors. The funding round was led by SevenX Ventures and Hash Global, with participation from WeMade, MixMarvel DAO Venture, Emurgo, Sinovation Ventures, and LK Venture.

Who typically are the investors in a seed funding round? ›

Funding is provided by private investors—usually in exchange for an equity stake in the company or for a share in the profits of a product. Much of the seed capital a company raises may come from sources close to its founders including family, friends, and other acquaintances.

What is a good seed round valuation? ›

All things being equal, though, a typical seed round valuation for a pre-revenue startup is between $5 million and $10 million. For a revenue-generating startup, the typical valuation range is between $10 million and $20 million. Of course, these are just general ranges and there are always exceptions.

How much do investors get in a seed round? ›

How Much Equity Should be Given Away in a Seed Round? A general rule of thumb is giving away between 10-20% equity during a seed round. This may likely be to angel investors who are willing to put in checks right at the origin of a company during the early stages.

Do seed rounds have lead investors? ›

The lead investor of a seed round is usually the first to get a board seat. It allows them to have an influence and a vote in paramount decisions at an early stage of the company.

How much equity do you give investors in seed round? ›

The general rule of thumb for angel/seed stage rounds is that founders should sell between 10% and 20% of the equity in the company. These parameters weren't plucked out of thin air, they're based on what an early equity investor is looking for in terms of return.

How do seed investors get paid? ›

Seed funding is essentially equity-based funding, which requires investors to invest money into the business at the very early stages. In return for the investment, the investor is given an equity stake. An equity stake is a share of the business.

How much should I ask for in a seed round? ›

The range of amounts raised in a seed round

The average seed round in the US is between $1M-$2M, with the median being $1.5M. However, there are a number of factors that can impact how much you should raise. For example, if you are based in a less expensive city, you may be able to get by with raising less money.

What is the average raise for a seed round? ›

Pre-seed vs. seed vs. Series A
RoundTypical amount raisedUse of funds
Pre-seedUp to $200kTo test your idea
Seed$500k to $5MTo gain early traction and start selling
Series A$3M to $10MTo grow and build product-market fit
Oct 31, 2023

Do I need revenue to raise a seed round? ›

How much revenue does a startup need to raise a seed round? That depends on the investor. Most venture capital investors want startups to be monetized, which can be difficult in the early stages. Other kinds of investors may be convinced by your story, your idea, and your expertise.

Do seed round investors get diluted? ›

If you can manage to give up as little as 10% of your company in your seed round, that is wonderful, but most rounds will require up to 20% dilution and you should try to avoid more than 25%. In any event, the amount you are asking for must be tied to a believable plan.

How much does a startup CEO make in the seed round? ›

In 2024, seed stage CEO salaries witnessed a modest increase of 2.3% from $129,000 in 2023 to $132,000. This adjustment is indicative of a more favorable valuation environment for early-stage startups (see our startup valuations article), despite a notable decrease in the volume of seed rounds.

What return do seed investors expect? ›

The TLDR; seed investors shoot for a 100x return; Series A investors need an investment to return 10x to 15x and later stage investors aim for 3x to 5x multiple of money. This translates into portfolio returns from 20% to 35% targeted IRRs.

How many companies fail after seed round? ›

19. After Series C, a startup's chance of failing is low, about 1 in 100
SeriesFailure rate
Pre-Seed/Series A60%
Series B35%
Series C1%
Apr 13, 2024

What is a good seed round investment? ›

A seed round typically can be anywhere from several hundred thousand dollars to several million, and is raised from seed funds and high-net-worth angel investors. Usually the startup is expected to use the investment for market research and early product development.

Do seed investors get a board seat? ›

However, as the size of seed rounds have increased, it's become more common for investors to request a seat on the board. Simply put, if they are cutting a big check, investors want some control. For smaller seed rounds, it's common to not give investors any board seats. one independent director.

What investors look for in seed funding? ›

During the seed funding round, investors typically want the company to have gained a degree of traction, while pre-seeding precedes product development in most cases.

Who leads a funding round? ›

In the context of institutional funding, a lead investor is a person or an organisation that plays a central role in a funding round. They are the largest investor in the funding round and can have a significant influence on the direction and strategy of the company.

Do angel investors invest in seed stage? ›

Angels invest their own money rather than pooled funds from institutional investors and limited partners. Investment amounts are much smaller, often at the sub-$1 million level per startup. Angels embrace more risk, investing at the seed funding stages compared to VCs who prefer more mature companies.

How do you pitch to investors for seed funding? ›

What Investors Want To See in Seed Round Pitch Decks
  1. A Succinct but Exciting Story. ...
  2. An Exceptional Team. ...
  3. Product Potential or Traction. ...
  4. A Growth Plan. ...
  5. Step One: Create The Cover/Title Slide. ...
  6. Step Two: Introduce The Team. ...
  7. Step Three: Diagnose The Problem. ...
  8. Step Four: Propose The Solution.
Jun 11, 2024

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