Virtual reality game studio Alta raises $12.4M
Virtual reality game studio Alta has raised $12.4 million in a funding round that shows that “metaverse” companies are in a boom.
The Sydney and San Francisco-based company said it has assembled a team of game developers who make experiences that “push the boundaries of virtual worlds.” It also called itself a “metaverse studio,” where the metaverse refers to the universe of virtual worlds that are all interconnected, like in novels such as Snow Crash and Ready Player One.
We’re starting our own GamesBeat Summit: Into the Metaverse 2 online conference today in observance of this big trend, which is generating a lot of buzz and funding for game companies.
Makers Fund and Andreessen Horowitz led the round. Other investors include Pioneer Fund, Boost VC, muru-D and Thomas Rice.
Three top investment pros open up about what it takes to get your video game funded.
Alta is a team of video game developers who aim to make experiences that push the boundaries of virtual worlds. Over the next few months, Alta will use the funding to further develop proprietary content and IP, expand the team and position the game for new platforms. As part of the funding, founding partner at Makers Fund Jay Chi will join Alta’s board of directors.
Alta first gained traction mid-2021 when its first game, open world VR RPG A Township Tale, launched on the Oculus Quest 2. An original creation, the team spent several years internally developing and refining A Township Tale and nurturing its user community.
Upon its release, it spent more than seven weeks at No. 1 on the Oculus charts, produced historical engagement metrics for the platform and currently hosts the No. 2 VR Discord community worldwide.
“Alta started out with a single quest: to create worlds
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