Metaverse company Infinite Reality announced a massive $3 billion fundraise from a single anonymous investor on January 8 in one of the biggest funding rounds of the year. According to Infinite Reality, that fundraise valued the $75 million (revenue) startup at $12 billion.
On Thursday, Infinite Reality, which says it’s now worth closer to $16 billion, announced the identity of the anonymous investor, just one hour after Forbes published an investigation of the company. The company shared in a press release that the investment was “represented by” Sterling Select, a venture firm affiliated with Sterling Equities and that it “represents the significant $3 billion investment.”
In a March call with Forbes, Infinite Reality’s CEO John Acunto told Forbes that “the investor had an appetite for as large of a percentage of the companies we were willing to offer at the time, and we felt that we should move forward with that.” Acunto added that, “because the investor wanted to maintain his anonymity, which you’re aware of, it made it quite difficult to bring other people in with that investment who would need to know who that person is.”
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Metaverse company Infinite Reality announced a massive $3 billion fundraise from a single anonymous investor on January 8 in one of the biggest funding rounds of the year. According to Infinite Reality, that fundraise valued the $75 million (revenue) startup at $12 billion.
On Thursday, Infinite Reality, which says it’s now worth closer to $16 billion, announced the identity of the anonymous investor, just one hour after Forbes published an investigation of the company. The company shared in a press release that the investment was “represented by” Sterling Select, a venture firm affiliated with Sterling Equities and that it “represents the significant $3 billion investment.”
In a March call with Forbes, Infinite Reality’s CEO John Acunto told Forbes that “the investor had an appetite for as large of a percentage of the companies we were willing to offer at the time, and we felt that we should move forward with that.” Acunto added that, “because the investor wanted to maintain his anonymity, which you’re aware of, it made it quite difficult to bring other people in with that investment who would need to know who that person is.”
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