Wolf3D in a $13 million round led by Taavet+Sten

Wolf3D, a Talinn, Estonia-based VR developer for gamers, announced that it closed a $13 million equity financing round.

The money was raised from investors led by Estonia-based Taavet+Sten, and joined by Konvoy Ventures, NordicNinja, and Tom Preston-Werner, co-founder of Github.

The company says it plans to use the funding to establish its place as “he default avatar system for the metaverse.

Wolf3D, founded in 2014 and led by CEO Timmu Tõke, started as a developer of personal 3D avatars of people for games and VR/AR communication using a single selfie. The company now says it works 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, and then use them across 900+ apps and games.

Wolf3D previously raised $1.3 million in seed funding in the summer of 2020.