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High Tech Series A Founded 2013

Avakin

Avakin, developed by Lockwood Publishing, is a social virtual world and metaverse platform that allows users to create customizable avatars and interact within immersive digital environments. The flagship product, Avakin Life, has surpassed 200 million downloads and enables players to explore virtual spaces, design homes, attend fashion shows, socialize with friends, and express themselves through over 26,000…

📍 Nottingham, United Kingdom · Metaverse,

Funding snapshot

Last roundSeries A
Amount$26M
Date23 October 2020
Total raised$28M
Valuation120,342,115 (Oct 23, 2020)
Team size204

About

Avakin, developed by Lockwood Publishing, is a social virtual world and metaverse platform that allows users to create customizable avatars and interact within immersive digital environments. The flagship product, Avakin Life, has surpassed 200 million downloads and enables players to explore virtual spaces, design homes, attend fashion shows, socialize with friends, and express themselves through over 26,000 customization options. The platform is expanding to Steam, broadening its reach beyond mobile. Avakin targets the mobile gaming and social platform market, appealing to users seeking creative expression and social connection in a judgment-free virtual world. Founded in 2013 and headquartered in Nottingham, United Kingdom, the company has raised approximately $27.8 million in Series A funding. Investors include Tencent, Novator Partners, and Wejo. With a team of around 204 employees, Avakin operates at the intersection of mobile gaming, 3D avatars, and the metaverse, positioning itself as a leading casual virtual world experience.

Business model

3D Animation > 3D Avatars > Entertainment,

Social Platforms > Horizontal > Metaverse,

Mobile Gaming > Game Developers > Casual > VR Games

Institutional investors

Tencent Novator Partners Wejo David Helgason Hilmar Pétursson Nancy Elisabeth Kemp Karl Hill Hilmar Veigar Petursson

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