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BuzzAR, Southeast Asia's First Woman-Led Metaverse Startup Raises 3.8mil Seed Funding to build an inclusive metaverse

2022-02-22 08:00 5755

SINGAPORE, Feb. 22, 2022 /PRNewswire/ -- , Southeast Asia's first woman-led metaverse startup raises US$3.8 million seed funding to build an inclusive metaverse, through its family-friendly games, virtual reality (VR) and GameFi projects. The round is oversubscribed with participation from in Texas, USA, regional VCs, angels including former Marina Bay Sands executive, , IP & Brand Protection expert, , former Google executive, regional family office CFO etc.

, Co-Founder & CEO of BuzzAR said, "This is a US$800 billion business by 2024 according to , by dominating the Southeast Asia market earlier since 2013, we have attracted high profile VCs, PEs."

"BuzzAR is poised to be Southeast Asia's first Metaverse startup that has fully scaled the 7 enablers of the Metaverse, which is online gaming (2013), VR (2015), Augmented Reality (AR) (2018), Digital Twin (2019), Avatar engine (2021). In 2022, BuzzAR is launching the last 2 enablers, which are Web3 games and Social Networking (2022). The company is launching 3 GameFi projects, riding on , where 2 million avatars have been generated by users from 163 countries. There are investors in the pipeline to raise its first 8 figures funding to scale the vision of building an inclusive metaverse."

BuzzAR's Co-Founder & CTO, , has published 20 games and amassed 20 million players without VC funding. Now, he joins BuzzAR with all the profitable business assets from , including , the No.1 Cooking VR game on Meta (Oculus Rift).

BuzzAR’s Ken Lim and Bell Beh, childhood friends turned co-founders
BuzzAR’s Ken Lim and Bell Beh, childhood friends turned co-founders

BuzzAR's ambition is to scale the metaverse business globally, after gaining accelerated growth in Southeast Asia, with A-list venues signing multi-year contracts, featuring the most exquisite venues to the global audience. The company has delivered stellar revenue growth, with over 10x revenue growth,

Bell Beh, also a UC Berkeley Scholar alumni, is returning to the Bay Area in March to meet top VC firms at the SandHill road, participate in , and discuss further fundings. The team will also set up an office in the US in preparation for its global expansion.

For more information, please contact:
Bell Beh at  (Interview, comments can be provided upon request).

Source: BuzzAR
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