Gather is a US provider of a metaverse platform that is building an accessible, open, and decentralized metaverse. Its core product focuses on enabling experiences that aim to fundamentally improve how people interact online for work, events, and entertainment. The company intends to use newly raised capital to expand operations and broaden its business reach. Gather announced a $26M Series A in March 2021 and has now raised a total of $76M following the latest round. It was founded by Phillip Wang, Kumail Jaffer, Alex Chen, and Nathan Foss. Gather provides virtual spaces where users can interact with spatial audio and built-in video conferencing to recreate offices, events, and social venues. The product emphasizes spontaneity with features like “shoulder taps” and interactive objects such as pool tables. The team has built its own video-conferencing system to support spatial technology and is adding customization tools so users can recreate real-world spaces. Gather is leaning into the virtual HQ use case and plans to hire engineers to serve its most consistent users. The company reports more than 4 million users and roughly $400,000 in monthly revenue, with a majority of that revenue coming from one-off events. The founding team began the project after graduating from Carnegie Mellon and MIT, and the product has been in development for more than 18 months.

Total raised

$76M

Funding rounds

2

Latest round

Series B

Latest activity

Nov 2021