Ready Player Me (Wolf3d) secured $56 million in Series B funding led by Andreessen Horowitz.

Ready Player Me, a Talinn, Estonia-based VR developer for gamers, raised series B equity financing in a round closed at $56 million.

The money was raised from investors led by Andreessen Horowitz (a16z), joined by Konvoy Ventures, Plural, Collab+ Currency, Punk6529, Snowfro, D’Amelio family, Hartbeat Ventures (Kevin Hart), Endeavor as well as angel investors Roblox co-founder David Baszucki, Twitch co-founder Justin Kan and King Games co-founders Sebastian Knutsson and Riccardo Zacconi via Sweet Capital.

The proceeds will be used for scaling the business around its ready-made avatar system - namely hiring, expanding the platform with more developer tools, and building more services for creators using Ready Player Me.

Ready Player Me was spunoff of Wolf3D, founded in 2014, led by CEO Timmu Tõke, and started as a developer of personal 3D avatars of people for games and VR/AR communication using a single selfie. The company has since focused its efforts on a metaverse avatar platform, Ready Player Me, which allows anyone to create a full-body avatar from a selfie that’s “transportable” between several games. Players can build their avatar from pictures or from scratch - the company says it handles about 5 million avatars from across some 3,000 partners.

Ready Player Me/Wolf3D previously raised $13 million series A at the end of 2021 and $1.3 million in seed funding in the summer of 2020 - other investors include Taavet+Sten, NordicNinja, and Tom Preston-Werner, co-founder of Github.