# Portals Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/portals-labs

- Industry: Internet
- Headquarters: US
- Website: www.theportal.to
- Total disclosed funding: $4.7M
- Latest round: Seed (Feb 1, 2022)
- Investors on record: 8

## About

Founded in 2021, Portals Labs, Inc. is a browser-based metaverse and it provides a social space where users can explore, make their own, and gather with others. In February 2022, Portals Labs, Inc. raised USD 5 million in Seed funding led by Greylock Partners, including Alameda Research, Foundation Capital, Multicoin Capital, Sino Global Capital, Fractal Gaming AB, Mantis, and Solana Ventures. 

The company provides drag-and-drop build tools and built-in communication features, which are simple to customize virtual spaces such as residences, offices, game experiences, or storefronts, making it to import owned NFTs and design a locale like those of Nintendo’s popular animal crossing game series. Portal Labs metaverse development partners include Everyrealm, GYB, Arca, and TerraZero.

The organization plans to use the February 2022 funding to expand its team as it develops more of its metaverse initiative, including the upcoming launch of its Portals Downtown city center as well as enhanced tools for creators.

## Funding rounds

- Seed, Feb 1, 2022, $4.7M — Foundation Capital, Greylock Partners, Fractal Gaming AB, Multicoin Capital, Alameda Research, Mantis, Ryze Labs, Solana Ventures

## Investors

- Foundation Capital (https://capitalatlas.ai/funds/foundation-capital) — Seed
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Seed
- Fractal Gaming AB — Seed
- Multicoin Capital (https://capitalatlas.ai/funds/multicoin-capital) — Seed
- Alameda Research — Seed
- Mantis (https://capitalatlas.ai/funds/mantis) — Seed
- Ryze Labs (https://capitalatlas.ai/funds/ryze-labs) — Seed
- Solana Ventures (https://capitalatlas.ai/funds/solana-ventures) — Seed