Odaily News: Virtual venue showcase and event planning platform Allseated has completed a $20 million equity financing. Allseated has announced that it is spinning off its metaverse division into a separate entity.



Founded in 2011, Allseated offers a collaborative space visualization platform that allows venues and planners to create virtual walkthroughs for prospective clients, including tools for building 360-degree views of buildings and designing floor plans. In 2022, Allseated raised $15 million in funding and launched its "Enterprise Metaverse" in May 2022.



The latest round of financing for Allseated raised over $43 million in total, including investments from Magma Ventures, Level Structured Capital, Vestech Partners, NYFF, and WGG, to further expand its spatial visualization and collaboration platform. (TechCrunch)