Spatial Raises $25M in Series B

Spatial has successfully raised $25M in a Series B at a $200M valuation led by Samsung Next, White Star Capital.

Company Overview

Spatial is a Metaverse company headquartered in New York, NY, founded in 2016 with 80+ employees.

Collaborative 3D platform

Fundraising Details

• Amount Raised: $25M
• Round Type: Series B
• Valuation: $200M
• Date: 2024-07-25
• Investors: Samsung Next, White Star Capital

About Spatial

Collaborative 3D platform The company is positioned in the Metaverse sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: New York, NY
• Founded: 2016
• Team Size: 80+
• Industry: Metaverse

What This Means

This funding round demonstrates strong investor confidence in Spatial'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. Spatial's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $200M valuation marks an important milestone for Spatial, positioning the company among notable players in the Metaverse industry.

Looking Ahead

With this new capital, Spatial 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 2024-07-25. For more information about Spatial, visit their headquarters at New York, NY.