Samsung 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.
Play 10,000+ Casino Games at BC Game with Ease
- Instant Deposits And Withdrawals
- Crypto Casino And Sports Betting
- Exclusive Bonuses And Rewards
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.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
- TRUMP Coin Whales Reach 5-Month High Ahead Gala Luncheon For Top Token Holders
- CLARITY Act: Crypto Industry and Banks Near Deal as Bill’s Odds Jump Above 60%
- Breaking: Trump Says Iran Wants To Make A Deal With U.S., Bitcoin Rises
- Top 3 factors Why XRP Price is Skyrocketing Today (16th March)
- Ethereum Targets $4K as Peter Brandt Flags Potential ETH Bottom
- MSTR Stock Prediction as Strategy Makes Largest Bitcoin Purchase in 2026 and Analyst Targets BTC Price $100K
- Pi Network Price Prediction After Smart Contract and Second Migration Launch
- Pepe Coin Price Surges 20%- How High Can it Go in March?
- Is XRP Price Gearing Up For $2 Level As BTC Rebounds Above $74k?
- Cardano’s $0.50 Resistance- Can “Midnight” Alpha Defy the Fog of War?
- Bitcoin and XRP Price Outlook If the Senate Banking Committee Approves the CLARITY Act
