Fundz

High Fidelity Invests In Second Life

PRIVATEJan 13, 2022

Round Type

Funding Round

San FranciscoInformation TechnologyCommunity And Lifestyle

Description

High Fidelity announced today that it acquired an interest in Linden Research, Inc. ("Linden Lab"), the pioneering developer of the virtual world Second Life. The deal includes a cash investment and distributed computing patents. Members of High Fidelity's metaverse team are joining the company, and Philip Rosedale, who is a founder of both companies, is also rejoining Second Life as a strategic advisor.

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Company Information

Company

Second Life

Location

San Francisco, California, United States

About

Second Life, developed and operated by Linden Research, Inc., is the groundbreaking virtual world enjoyed by millions around the globe. First launched in 2003, Second Life has since gone on to boast nearly two billion user creations and a vibrant $650 million (USD) economy. Founded in 1999, Linden Lab creates social platforms and licensed money services that empower people to create, share, and benefit from virtual experiences. To learn more visit secondlife.com. SOURCE LINDEN LAB

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Fundz sees it the moment Second Life raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Second Life raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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