Topia Takes $5M For Social Chat, Virtual Worlds

Los Angeles-based Topia, a startup which is developing video chat tools that work inside what it says are "fully customizable virtual worlds", has raised $5M in a seed funding round, the company said late Wednesday. The funding was led by Seven Seven Six, the venture capital fund run b Alex Ohanian, and also included Bonfire Ventures. The company said it will use the funding to build out its team and invest in its "creator economy." According to Topia, its tools have notably been used for Virtual Burning Man in August of 2020, where it hosted over 25,000 people online. Topia's CEO and founder is Daniel Liebeskind. Topia said its tools also include a new "creator ecosystem" which lets people who create virtual worlds, scenes, and more and allows them to sell subscription and sell items.