Alta builds virtual reality metaverse experiences and is best known for A Township Tale, a VR open-world RPG. The company relies heavily on procedural generation to create large-scale virtual worlds from algorithmic and human-authored assets. Its flagship game launched on Oculus Quest 2, spent more than seven weeks at No. 1 on the Oculus charts, and produced strong engagement metrics. Alta reports a tenfold increase in revenue since its early days and currently has about 500,000 users. The funding will be used to develop proprietary content and IP, expand the team, and position the game for new platforms. Alta operates from offices in Sydney and San Francisco and plans to expand into more countries in Europe and Asia. The company intends to raise another round as early as this year to grow headcount globally.

Total raised

$12M

Funding rounds

1

Latest round

Seed

Latest activity

Jan 2022