Tech startup Tetavi closes $20m venture round to increase its presence in North America

Tech startup Tetavi closes $20m venture round to increase its presence in North America

Published: 11-08-2021 13:28:00 | By: Pie Kamau | hits: 3739 | Tags:

Tetavi, a volumetric technology platform, announced it has closed its latest venture round led by New York-based global private equity and venture capital firm Insight Partners, with participation from OurCrowd, Nimble Ventures and additional private investors. 

Gilad Talmon, CEO, Tetavi: "We're excited to welcome Insight Partners as a collaborative force in our journey to democratize personalized immersive content creation for the Metaverse. With the support of our additional new and existing partners, we plan to move forward with our expansion plans to build a new platform to bring high-end immersive content to consumers worldwide. By opening this social entertainment technology to anyone, for anyone, anywhere, Tetavi seeks to empower the next dimension of creativity and human connection."

The investment will enable Tetavi to significantly increase its presence in North America, expanding its partnerships and immersive content platform across the U.S. with specific locations in Los Angeles and New York. Tetavi's Los Angeles studio location will function as a collaborative space for the entertainment industry. The New York location will assist in business development and market outreach.

Jeff Horing, Managing Director, Insight Partners: "Tetavi's highly technical team and advancements in social entertainment technology make the company well positioned to create a market-leading consumer centric volumetric video software solution, unlocking endless applications across gaming, entertainment, fashion, and more. As the company continues to expand in North America and APAC, we're looking forward to our partnership in their next stage of growth."

John Medved from OurCrowd said: "OurCrowd prides itself on investing in, and helping nurture startups and companies that have real application in multiple vertical markets. Tetavi are very literally helping build the metaverse in which many of these markets will exist. The virtual reality that we find is more and more real under the restrictions of living in a pandemic are helping companies reenvision how they engage with their customers, and generate content. Seeing a fund like Insight come on board is true testament to the importance and potential impact of this exciting technology."

Tetavi is disrupting the immersive content market and is currently in advanced discussions with major creative artists and production companies for projects anticipated to release in 2022.