Avatar startup Genies hits $1 billion valuation in latest raise

Only in the current market can one wonder how a celebrity avatar startup that sells NFT accessories took so long to hit a unicorn valuation.

Genies, an LA-based digital avatar startup, announced Tuesday that it had raised $150 million in funding from Silver Lake, with participation from Bond, NEA and Tamarack Global. The round was first reported by DealBook. It follows a $65 million Series B raised last May.

The round values the startup at $1 billion.

 

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