China’s metaverse player XMOV nets $130m from Sequoia, SoftBank, others

China’s metaverse player XMOV nets $130m from Sequoia, SoftBank, others

XMOV, a startup that develops infrastructure for metaverse, has received a sum of $130 million in its Series B and C rounds, per a company’s statement on Wednesday.

The Series B round was joined by new investors namely Fresh Capital and Jinsha Capital, besides returning backers Sequoia Capital China and 5Y Capital. The $110 million Series C round was co-led by SoftBank Vision Fund 2 and an undisclosed venture capital firm, while investors — Northern Light Venture Capital and Index Capital — poured in fresh capital.

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