On May 11, 2022, Lighthouse announced the closing of its C$9.1 million initial seed funding to build what it describes as “the open metaverse navigation engine” for blockchain-based virtual worlds.
The financing round was led by Accel, BlockTower and Animoca Brands and also included White Star Capital, Gemini Frontier Fund, and The Graph core developer StreamingFast, joined by individual investors including Nansen founder Alex Svanevik, POAP founder Patricio Worthalter, Messari founder Ryan Selkis, and Exclusible founder Thibault Launay.
Lighthouse is the first company working on a search platform for the Metaverse with a specific angle on navigation, and they are hoping to move fast enough to stay ahead. Lighthouse has narrowed its focus: building a metaverse search engine that will enable users to search for places, events, friends, creators, assets, and experiences across and inside blockchain-based virtual worlds, most of which have been built on Ethereum.
A Fasken team composed of Jonathan Raizenne, Eliot Mathieu-Proteau and Emilie Barreca advised Lighthouse in connection with this financing.
Jurisdiction
- Québec
