New to the scene, Montreal-based software startup Lighthouse Labs is entering metaverse, this after raising $9.1 million CAD ($7 million USD) in seed funding to build a search engine that will allow for easily searchable content in virtual worlds. (Lighthouse Labs is not the Canadian edtech school that offers coding bootcamps.)
“Right now, discovery in the metaverse feels more like gaming, where you need to jump from one game to the next to find things, than the internet, where you can access everything from a single entry point,” said Jonathan Brun, co-founder and CEO of Lighthouse Labs, in a statement.
Accel, BlockTower, and Animcoa Brands, whose sister company is The Sandbox, led the round. The Sandbox founders, who are general partners at Sparkle Ventures, also participated.
Other investors in the round include White Star Capital, Gemini Frontier Fund, The Graph core developers StreamingFast, Tiny VC, as well a number of Web3 investors like Messari founder Ryan Selkis, POAP founder Patricio Worthalter, and Nansen founder Alex Svanevik.
[Source]