Edtech platform Invact Metaversity raises $5 million in seed round

Invact Metaversity, co-founded by former Twitter India head Manish Maheshwari, on February 21 announced it has raised $5 million as part of its seed round.

The funding round was led by Arkam Ventures, and also involved other global venture capital firms including Antler India, Picus Capital (Germany), M Venture Partners (Singapore), BECO Capital (Dubai) and 2am VC (United States).

The funding is aimed at helping Invact Metaversity "build the metaverse of education", Antler India said in a statement. "With focus on making education more accessible and inclusive, we're excited to see how Invact Metaversity disrupts education in the country," the VC firm's Partner and co-founder Rajiv Srivatsa added.

Notably, Invact Metaversity is a platform built at the intersection of education and Web3. The startup aims at providing employability-focused training to help the workforce realign with the digital world and secure themselves jobs in high-growth tech companies.

"Metaverse is a concept that stands at a cusp where it will be a lead factor in transforming the educational landscape. We will use this investment to bolster the product and technology team for the Metaversity platform, build a virtual-first curriculum and expand into Europe and the US," Mahieshwari, who is also the company's chief executive officer, said.