The tech start-up company Infinite Canvas announced it raised $2.8 million in a recent funding round. This money will be used to support the development of new virtual experiences in hit games like Roblox, Fortnite, and Minecraft.
Lightshed Venture Partners led this round of funding. There was also participation from Bitkraft Ventures, Day One Ventures, Emerson Collective, and Crossbeam.
“What if we built a new kind of organization that blended parts of being a game publisher, parts of being an esports team, parts of being a capital and tech backend to basically enable these people to do what they do but better and bigger?” asked company founder Tal Shachar. For the metaverse — whatever word you want to use — to really exist, it’s going to take all of these independent people to actually populate it and bring it to life and make all of these experiences and there’s just an insane amount of talent out there that we think can be unlocked.”
Infinite Canvas is an online user-generated content publisher. The privately held company currently has between 11 and 50 employees.