Saturday, April 20, 2013

True Ventures Confirms Investment In Second Life Founder Philip Rosedale's New Startup High Fidelity

hifi-logoEarlier this month, we wrote that High Fidelity, the virtual world startup led by Second Life founder Philip Rosedale, had raised $2.4 million of a $3.4 million round, according to a filing with the Securities and Exchange Commission. However, we didn't know who had actually made the investment ? until today. Tony Conrad of True Ventures just announced that his firm led High Fidelity's Series A, and that Google Ventures and various angel investors also participated. The High Fidelity website now mentions Mitch Kapor and Linden Lab (the company behind Second Life) as investors too.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/fgtJ1BdGAYU/

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