What is Genies?
Founded in 2017, Genies has established itself as a leader in the avatar technology space. The company provides a sophisticated consumer application that enables users to create and personalize high-fidelity digital avatars. Beyond simple personalization, Genies is building the infrastructure for digital identity, allowing users to carry their virtual personas across various platforms and experiences. This focus on interoperability and self-expression has positioned the company at the intersection of social media, gaming, and the emerging metaverse economy, making it a critical component of the next generation of digital interaction.
How much funding has Genies raised?
Genies has raised a total of $261M across 5 funding rounds:
Series A
$3M
Unspecified
$40M
Unspecified
$3M
Series B
$65M
Series C
$150M
Series A (2017): $3M with participation from TGZ Capital, Jake Paul, Ndamukong Suh, Cameron Dallas, Macro Ventures (Adrian Fenty and Charles King), and Worldwide Wes
Unspecified (2020): $40M led by New Enterprise Associates, Imane Anys, CAA, L Catterton, Victor Oladipo, Thomas Tull, Jim Breyer, and Yoshiki
Unspecified (2020): $3M supported by BANDAI NAMCO Holdings.Inc
Series B (2021): $65M featuring New Enterprise Associates, Breyer Capital, Dapper Labs, Coinbase Ventures, Tull Investment Group, BOND, and NetEase
Series C (2022): $150M backed by BOND, Silver Lake, Tamarack Global, and NEA
Key Investors in Genies
New Enterprise Associates
Established in 1977 and headquartered in Menlo Park, California, New Enterprise Associates is a venture capital firm focused on helping entrepreneurs build businesses.
Breyer Capital
Breyer Capital is an independent global venture capital and private equity investor focusing on long-term, idea-driven investments in AI, consumer software, and fintech.
Silver Lake
Silver Lake is a privately held global investment firm focused on technology, technology-enabled, and related growth businesses, supporting companies at various stages of development.
What's next for Genies?
Looking ahead, the recent influx of capital is expected to accelerate the development of Genies' core technology stack and expand its footprint in the creator economy. As the company moves beyond its initial scaling phase, strategic priorities will likely include deepening its integration with blockchain-based experiences and enhancing the utility of its avatar ecosystem. By leveraging its strong investor network, Genies is well-positioned to capitalize on the growing demand for immersive digital identities, potentially setting new standards for how individuals represent themselves in virtual environments. The firm remains focused on long-term value creation through technological innovation and strategic partnerships.
See full Genies company page
