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High Tech Series B Founded 2003

Second Life

Second Life operates a virtual reality-based social networking platform and 3D virtual world that enables users to create avatars, explore thousands of virtual experiences and communities, interact with friends, and build, monetize, and trade virtual creations. The platform provides modern creator tools including Lua scripting capabilities and a growing Creation Portal that allows users to build interactive…

📍 San Francisco, United States · Virtual Reality,

Funding snapshot

Last roundSeries B
Amount$11M
Date28 March 2006
Total raised$19M
Team size182

About

Second Life operates a virtual reality-based social networking platform and 3D virtual world that enables users to create avatars, explore thousands of virtual experiences and communities, interact with friends, and build, monetize, and trade virtual creations. The platform provides modern creator tools including Lua scripting capabilities and a growing Creation Portal that allows users to build interactive experiences, script behaviors, and bring their ideas to life within the virtual world. Second Life features a comprehensive Marketplace where users can shop millions of items including virtual fashions, home decor, and other digital goods, and where creators can monetize their own creations to earn real profits through a virtual economy powered by Tilia, the platform's payment processing system. The platform hosts diverse communities including music clubs, roleplaying communities, virtual cinemas, and social spaces, positioning itself as an inclusive haven of self-expression where users can share stories and connect with others. Second Life supports multiple languages and offers a mobile beta application, extending access beyond desktop computing. The platform serves both individual users seeking social connection and creative expression, and enterprise and education customers exploring virtual environments for collaboration and learning. Founded in 2003 and headquartered in San Francisco, United States, Second Life has raised approximately $19 million at the Series B stage from investors including Globespan Capital Partners, Omidyar Network, Benchmark, NFX, and Ooga Labs.

Business model

Virtual Reality > Applications > Social > Virtual World,

Social Platforms > Horizontal > Metaverse

Institutional investors

Globespan Capital Partners Omidyar Network Benchmark NFX Ooga Labs Mitch Kapor

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