IMVU Inc. announced the investment from NetEase and the relaunch as Together Labs.
Now named Together Labs, the leading company and the developer of the largest avatar social platform VCOIN, announced the new investment from NetEase, Chinese leading internet and online game services provider, and other investors.
The investment followed the relaunch of IMVU as Together Labs. Such a strategy step presents Together Labs as an innovator in communication technologies, aiming to empower people to connect with friends and peers.
“With IMVU’s accelerating growth over recent years, the launch of VCOIN, and the development of the new WithMe platform, we felt the timing was right to bring all of these products under a new roof to reinforce our commitment to creating authentic human connections in virtual spaces. We appreciate the confidence this major investment represents led by NetEase and other investors. The formation of Together Labs is a new chapter for the company allowing us to aggressively pursue our vision of immersive social metaverses where authentic friendship and peer to peer commerce thrive.”
Daren Tsui, Chief Executive Officer at Together Labs via press release
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