All Updates

All Updates

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Funding
5thScape raises USD 6 million in seed funding to expand development efforts
Extended Reality
May 24, 2024
This week:
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Extended Reality

Extended Reality

May 24, 2024

5thScape raises USD 6 million in seed funding to expand development efforts

Funding

  • XR game ecosystem 5thScape has raised USD 6 million in a seed funding round. Investor participation in the round remained undisclosed.

  • The f unds were earmarked to broaden operations and the company’s development efforts.

  • Analyst QuickTake: The round follows the company raising USD 1.15 million in March 2024 from its cryptocurrency token pre-sale. The funds were earmarked to complete project development and manufacture hardware (a VR headset and VR chair) based on its decentralized network infrastructure.

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