The seed round was led by InMotion Ventures with participation from VentureFriends, BCI, Clocktower Ventures, and angel investors to fund product development.
"Like many people, I went into it without a clear idea of how much I should spend or could afford."
The growth network secured backing from a syndicate of angel investors and corporate executives to fund international expansion.
"This investment takes us another step forward in becoming the leading community-driven platform that provides founders, investors, and advisors with the holistic tools they need"
EHE Capital led the seed round to support the launch of the insurtech firm's digital platform.
"At Peppercorn, we’re looking to transform and improve the customerexperience. We’ve pulled together a great team, utilised groundbreaking technology, and developed a unique proposition. We wanted to take that to launch with the support of a forward-thinking, technology-focused investor who would amplify our vision and help us start generating revenue quickly. From our very first conversation we knew we’d found that in EHE Capital."
The financing round was supported by investors including Andreessen Horowitz and SoftBank to develop interoperable Web3 virtual spaces.
"We founded Improbable to make real the promise of incredible online worlds that were more than just games – they were extensions of our lives. I believe the metaverse and Web3 movement, though very early, represent a once-in-a-generation redefinition of our society towards a ‘fulfilment economy’ where experiences made by an open network of creators and businesses can create enormous opportunity for everyone. M² is our contribution to establishing this future and we hope to help our partners catalyse an open metaverse with many participants and success stories. We are excited to be actively working with some of the best investors in the space in building out this new ecosystem."