# DoubleMe

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/doubleme

- Industry: Software
- Headquarters: Sunnyvale, US
- Website: www.doubleme.me
- Total disclosed funding: $24M
- Latest round: Series A (Apr 19, 2022)
- Investors on record: 14

## About

Based in the US, DoubleMe, Inc. operates as a technology firm specializing in extended reality (XR) solutions encompassing virtual reality (VR), augmented reality (AR), and mixed reality (MR) technologies.DoubleMe, Inc. focuses on developing XR technologies to enhance educational and entertainment experiences. Founded in 2015, the company is headquartered in Sunnyvale, US. The founders, Albert Kim and Michael Kuczynski, are experienced entrepreneurs with backgrounds in technology innovation. DoubleMe raised KRW 30 billion in Series A funding on April 19, 2022, from multiple investors including Coentry Investment and Samsung Venture Investment. This funding round marked a significant milestone in the firm’s growth strategy, having raised the total amount of KRW 30 billion since inception through 11 deals.DoubleMe specializes in providing a comprehensive range of XR solutions that integrate virtual reality (VR), augmented reality (AR), and mixed reality (MR) technologies. Their core offerings include immersive educational programs aimed at enhancing students' practical skills and creativity, innovative meditation experiences utilizing XR technology, and engaging simulation games like 'Vivarium,' where users cultivate virtual pets and plants. Additionally, DoubleMe has developed advanced platforms such as Twin World, a spatial computing social platform, and DECAL, a high-quality 3D scanning AI platform. These products cater to diverse end users, including educational institutions, gamers, and organizations seeking to enhance their operations through immersive technologies. DoubleMe’s solutions are marketed primarily in the United States, Europe, and Asia, addressing a global clientele looking for innovative XR experiences.DoubleMe generates revenue through various transactional models, including subscription services for their educational programs and partnerships with corporations and educational institutions. The firm’s flagship products, such as the XR AI Integrated Education platform and the Vivarium game, are packaged with tiered pricing plans that cater to different customer needs, whether they are individual users or corporate clients. By deploying their XR technologies in business-to-business (B2B) arrangements, DoubleMe facilitates direct sales to organizations looking to implement innovative training and immersive experiences. The firm’s diverse range of services and platforms are structured to meet specific end-user demands while fostering long-term partnerships that enhance overall revenue streams.In April 2022, DoubleMe, Inc. raised KRW 30 billion in Series A funding, which will be utilized to hire new talent and fuel product development and marketing. The company plans to launch new XR product offerings and explore expansion into new geographic markets, including Asia and Europe, by the end of 2023. This strategic initiative aims to enhance their market presence and cater to the growing demand for immersive experiences.

## Funding rounds

- Series A, Apr 19, 2022, $24M — Samsung Venture Investment, Shinhan Capital, IBK Securities, Timefolio Asset Management, NH Investment & Securities, BNK Venture Capital, Hana Securities, Soo Investment Capital, Hanwha Investment & Securities, RHK, Coentry Investment, VS Investment
- Seed, Jun 23, 2015, $0M — SparkLabs Accelerator
- Seed, Jan 30, 2015, $0.2M — SparkLabs Global Ventures

## Investors

- SparkLabs Global Ventures (https://capitalatlas.ai/funds/sparklabs-global-ventures) — Seed
- SparkLabs Accelerator (https://capitalatlas.ai/funds/sparklabs-accelerator) — Seed
- Samsung Venture Investment (https://capitalatlas.ai/funds/samsung-venture-investment) — Series A
- Shinhan Capital (https://capitalatlas.ai/funds/shinhan-capital) — Series A
- IBK Securities (https://capitalatlas.ai/funds/ibk-securities) — Series A
- Timefolio Asset Management — Series A
- NH Investment & Securities (https://capitalatlas.ai/funds/nh-investment-securities) — Series A
- BNK Venture Capital (https://capitalatlas.ai/funds/bnk-venture-capital) — Series A
- Hana Securities (https://capitalatlas.ai/funds/hana-securities) — Series A
- Soo Investment Capital (https://capitalatlas.ai/funds/soo-investment-capital) — Series A
- Hanwha Investment & Securities (https://capitalatlas.ai/funds/hanwha-investment-securities) — Series A
- RHK — Series A
- Coentry Investment — Series A
- VS Investment — Series A