What is Genies?
Founded in 2017 and headquartered in West Hollywood, California, Genies operates a consumer-facing application that empowers users to create and personalize their digital avatars. The company is at the forefront of the digital identity revolution, enabling self-expression in virtual environments. Genies' technology is pivotal for the burgeoning metaverse and other immersive digital experiences, positioning it as a key player in the future of online interaction and digital ownership. The company's focus on user-generated content and customizable digital personas has garnered significant attention and investment.
How much funding has Genies raised?
Genies has raised a total of $261M across 5 funding rounds:
Series A
$3M
Unspecified
$40M
Unspecified
$3M
Series B
$65M
Series C
$150M
Series A (2017): $3M with participation from Ndamukong Suh, Cameron Dallas, Macro Ventures (Adrian Fenty and Charles King), Worldwide Wes, TGZ Capital, and Jake Paul
Unspecified (2020): $40M led by Imane Anys, Jim Breyer, CAA, L Catterton, Yoshiki, Victor Oladipo, Thomas Tull, and New Enterprise Associates
Unspecified (2020): $3M supported by BANDAI NAMCO Holdings.Inc
Series B (2021): $65M featuring New Enterprise Associates, Breyer Capital, Dapper Labs, BOND, NetEase, Coinbase Ventures, and Tull Investment Group
Series C (2022): $150M backed by Silver Lake, Tamarack Global, NEA, and BOND
Key Investors in Genies
Silver Lake
Silver Lake is a global technology investment firm with substantial assets under management, focusing on technology-driven companies and strategic growth initiatives.
NEA
New Enterprise Associates (NEA) is a prominent venture capital firm known for its early-stage investments and support for entrepreneurs building transformative businesses across various technology sectors.
Breyer Capital
Breyer Capital is an independent global venture capital investor that focuses on long-term, idea-driven investments, particularly in companies leveraging artificial intelligence and machine learning.
What's next for Genies?
With its recent major strategic investment, Genies is poised for accelerated expansion and innovation. The substantial capital infusion is expected to fuel advancements in avatar technology, enhance user experience, and broaden the company's ecosystem partnerships. This funding will likely support the development of new features, the scaling of its infrastructure to accommodate a growing user base, and strategic initiatives to solidify its market leadership. Genies' trajectory suggests a continued focus on empowering digital self-expression and building the foundational infrastructure for personalized digital identities in the evolving metaverse.
See full Genies company page
