Claim $500Samsung Invests In $25M Funding Round Of Metaverse Firm DoubleMe
South Korea’s largest companies, including electronics firm Samsung, investment firms NH Investment and Coentry Investment, have led a $25 million funding round for metaverse startup DoubleMe.
DoubleMe was founded by Albert Kim, Michael Kuczynski, and Heeyoung Kim in 2015. During the initial years, the company offered solutions to convert 2D videos into 3D models.
Samsung, NH Investment Pours Funds Into DoubleMe
DoubleMe, a South Korean startup, is one of the leading companies working in the metaverse market. The company has gathered massive attention after it launched the metaverse solution TwinWorld. The metaverse platform combines the digital and physical world with the help of the augmented reality (AR) experience.
The latest funding by Samsung, NH Investment, and Coentry Investment will help DoubleMe grow exponentially, the company said. The company plans to use the funds for product development, customer acquisitions, marketing, and hiring new employees.
Furthermore, the company plans to launch a commercial version of TwinWorld. It will bring major improvements and support AR devices like the Nreal headsets. The company’s clients are spread across 17 cities across the globe.
The metaverse company has been successful in introducing many technologies in the metaverse space. DoubleMe’s revenue had also risen to $4.5 million. Previously, the company had raised $1 million in seed funding and received a $16 million grant from the South Korean government.
Moreover, the company has also received backing from leading global companies including T-Mobile, BT, Vodafone, Orange, and Telefonica.
South Korea’s Push into the metaverse
South Korea is leading the metaverse and NFT race, along with crypto adoption globally. The South Korean government has even announced a 5-year plan to become a global leader in the metaverse market. More than 200 companies will be working in the new field.
South Korean giants such as SK Group, Samsung, and LG have already announced various projects related to NFT and metaverse. The support from the government and leading companies will further grow metaverse companies like DoubleMe.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Trump Tariffs: Crypto Traders Increase Bets On Supreme Court Ruling as Cooling Inflation Fuels Rate Cut Hopes
- Pro-Crypto Amir Zaidi Appointed as CFTC Chief Of Staff Following Bitcoin Futures Milestone
- Breaking: CLARITY Act Set to Advance as Senate Picks January 15 for Crypto Bill Markup
- Crypto Market Gets Year-end Boost as Fed Injects $74 Billion Into Economy
- Tom Lee’s BitMine Increases Staked ETH to $1.3B as Ethereum Tops Solana and BNB in 2025 Flows
- Expert Predicts Ethereum Price Rebound to $4k as BitMine, Long-Term Holders Buy
- Bitcoin Price Prediction Ahead of FOMC Minutes
- Top 3 Crypto Predictions Ahead of U.S. Government Shutdown Deadline in Jan 2026
- Grayscale Files for First U.S. Bittensor ETF: Will TAO Price Rally to $300 in January?
- Shiba Inu Price Prediction: Will SHIB Show Golden Cross Signal in 2026?
- Pi Network Price Prediction as Demand Slips Ahead of the 136m Unlock
