SOURCE: Metaplace

October 22, 2008 06:00 ET

Metaplace Lands $6.7 Million in Funding

Brings Power and Ease of Creating Virtual Worlds to the Web

SAN DIEGO, CA--(Marketwire - October 22, 2008) - Metaplace™ (formerly known as Areae, Inc.) today announced it has raised $6.7 million in financing from existing investors Charles River Ventures and Crescendo Ventures and new investors, Marc Andreessen and Ben Horowitz. This round brings the company's total financing to $9.4 million, positioning it for strong growth as it builds out the world's first open platform that allows anyone to create virtual worlds on the Web.

Founded by massively multiplayer gaming industry veterans, Raph Koster and John Donham, Metaplace strives to give everyday users the power to create, share and live in their own virtual worlds. They can socialize with friends, build their own space and grow their community as easily as they browse and navigate the Web today. The company also unveiled an invitation-only program to its site and officially changed its name to Metaplace from Areae, Inc.

"Building virtual worlds has always been the purview of large companies with deep pockets," said Raph Koster, co-founder of Metaplace. "Our vision at Metaplace is to combine the ubiquity and ease of the Web with the immersive and addictive nature of video games to give everyday users the power to create a network of worlds based on their interests be it community, games, education or business. In the coming years, as virtual places become a standard element of the Web, alongside text, audio, images, and video, Metaplace will be the engine that enables the transformation."

"Metaplace is a company that is bringing the impossible within reach of consumers by combining the best of Web technology with the best of virtual world storytelling," said John Borchers of Crescendo Ventures. "The company has the team, track record and technology to fundamentally reshape users' expectations of virtual worlds by unlocking a new era of user driven creativity and community."

About Metaplace

Metaplace is the world's first open platform that harnesses the power of the Web to allow anyone to create, build and live in their own unique virtual world. The company's vision is to enable users to build a network of worlds -- from community to games to education to business -- creating an ecosystem where they collaborate, socialize and conduct commerce forming new societies and economies as we do in the real world today.

2008 Copyright. Metaplace is a trademark of Metaplace, Inc.

Contact Information

  • Kathy Johnson
    Consort Partners for Metaplace
    Email Contact
    Tel: +1 (415) 823-9566