Gather Raises $50M in Series B Funding

Gather, a US provider of a metaverse platform, raised $50M in Series B funding.

The round was led by Sequoia Capital and Index Ventures with participation from Dylan Field (Figma), Jeff Weiner (LinkedIn), Juan Benet, Lachy Groom, Elad Gil, YC Continuity, Neo, Haystack.  

The company, which announced a $26M Series A raise in March of 2021, and has now raised a total of $76M within several months, intends to use the funds to continue to expand operations and its business reach.  

Founded by Phillip Wang, Kumail Jaffer, Alex Chen, and Nathan Foss, Gather is creating an accessible, open, and decentralized Metaverse, with an emphasis on creating experiences that will fundamentally improve how people interact online for work, events and entertainment.