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Alta

Extended Reality
Metaverse Experience Platforms
Product stageSegments
Early
?
AR/VR platforms
?

Alta is the developer of the open-world social VR game “A Township Tale,” where users can engage in multiplayer experiences on Meta Quest and HTC Vive headsets. The company, which initially gained traction in mid-2021, intends to build networks of virtual worlds across several platforms in the future. Its Co-Founder and CEO, Tima Anoshechkin, identified its reliance on procedural generation, a method to combine computer and human-generated content on a large scale for mass content creation as its key differentiator.

The company generates revenue via sales of its game on the Meta Quest Store, priced at USD 10. Users can also show further support to the game devs via monthly donations of USD 10, with players receiving in-game currency (for the purchase of in-game cosmetics), exclusive in-game discounts and the ability to create a private PC server.

In April 2024, the company disclosed that it was developing a dark fantasy-themed VR exclusive game, codenamed ‘Project 2’.

Key customers and partnerships

As of January 2022, Alta had 500,000 users and was cash-flow positive.

Funding and financials

In January 2022, Alta raised USD 12.4 million in a seed funding round co-led by Makers Fund and Andreessen Horowitz, with participation from Pioneer Fund and Boost VC. The fresh round, which valued Alta at USD 62 million, was allocated to develop proprietary content and IP, expand its team, and add its game to the new platforms.


Extended Reality

Extended Reality

Key stats
Featured companies
238
Total funding (USD)
13.6 Bn
Total addressable market (USD)
100.4 Bn
Key competitors
 
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Company profile
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Recent Updates

Funding
Jan 26, 2022
VR game developer Alta raises USD 12.4 million
Extended Reality

Company Brief


HQ location:
100 George Street Parramatta AUS
Founded year:
2016
Employees:
11-50
Total Funding:
USD 12.8 million
Last Funding
USD 12.4 million, Jan 2022

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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