Horizon Worlds Raises $500M in Internal

Horizon Worlds has successfully raised $500M in a Internal at a $5B valuation led by Meta Platforms.

Company Overview

Horizon Worlds is a Metaverse company headquartered in Menlo Park, CA, founded in 2019 with 200+ employees.

Meta's virtual reality social platform

Fundraising Details

Amount Raised: $500M
Round Type: Internal
Valuation: $5B
Date: 2024-08-18
Investors: Meta Platforms

About Horizon Worlds

Meta's virtual reality social platform The company is positioned in the Metaverse sector, serving a growing market with innovative solutions.

Key Information

Headquarters: Menlo Park, CA
Founded: 2019
Team Size: 200+
Industry: Metaverse

What This Means

This funding round demonstrates strong investor confidence in Horizon Worlds's vision and execution. The capital will likely be used to:

Scale Operations: Expand the team and operational capacity
Product Development: Enhance existing products and develop new features
Market Expansion: Enter new markets and strengthen presence in existing ones
Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Metaverse sector continues to attract significant investment as companies innovate to meet evolving market demands. Horizon Worlds's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $5B valuation marks an important milestone for Horizon Worlds, positioning the company among notable players in the Metaverse industry.

Looking Ahead

With this new capital, Horizon Worlds is well-positioned to execute on its growth strategy and continue building innovative solutions in the Metaverse space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-08-18. For more information about Horizon Worlds, visit their headquarters at Menlo Park, CA.