British metaverse infrastructure startup Hadean has raised $30 million in its Series A funding round led by Molten Ventures.
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The firm said in a press release that other companies such as 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First and InQTel. Fortnite creator Epic Games also participated in the funding, but via a convertible note, Hadean CEO, Craig Beddis, told TechCrunch.
With the funding, Hadean wants to build out its scalable and interoperable metaverse capabilities. The London-based firm wrote:
"As an open platform for distributed cloud computing, Hadean can be considered the 'infrastructure' that powers the metaverse so it can become a reality."
Marc Petit, VP of Epic's Unreal Engine Ecosystem, said that Hadean's technology complements Epic's Unreal Engine by enabling "massive amounts of concurrent users and unlocking new tools for creators and developers."
In April, Epic Games raised $2 billion in funding from Sony Group Corporation and KIRKBI, the family-owned holding and investment company behind The LEGO Group, to create "new social entertainment exploring the connection between digital and physical worlds."
Epic's head, Tim Sweeney, added that the funding would accelerate the company's work to build the metaverse and create spaces "where players can have fun with friends, brands can build creative and immersive experiences and creators can build a community and thrive."
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