What is Passage?
Passage offers world-class virtual experiences designed for experiential events, allowing users to engage without the need for apps or downloads. Their platform features immersive 3D environments and creator tools that enable seamless integration with various applications, making it ideal for agencies, conferences, entertainment, education, and community engagement. With a focus on providing real-world presence through advanced graphics and spatial audio, Passage aims to recreate the excitement of in-person events in a virtual format. The company targets clients looking to enhance their events, product launches, and educational experiences through innovative virtual solutions.
How much funding has Passage raised?
Passage has raised a total of $6M across 1 funding round:
Other Financing Round
$6M
Other Financing Round (2023): $6M with participation from Hyperchain Capital, Cosmostation, Akash Network, and Vitwit
Key Investors in Passage
Hyperchain Capital
Hyperchain Capital is a pioneering digital assets management company that specializes in blockchain-based projects and decentralized protocols, focusing on managing digital assets in the evolving new economy.
Cosmostation
Cosmostation provides chain-agnostic infrastructures for streamlined access to the interchain ecosystem, offering validators, staking services, multi-chain wallets, and block explorers with an emphasis on community participation and education.
Akash Network
Akash Network is a community-owned and managed free public service built on technologies like Kubernetes and Cosmos, with the community overseeing all aspects of its development and feature implementation.
What's next for Passage?
This major enterprise-level funding positions Passage for significant expansion and development in the burgeoning virtual events sector. The strategic investment signals confidence in their technology and market approach, likely enabling the company to enhance its platform's capabilities, broaden its reach to new client segments, and further innovate in creating realistic virtual event environments. The focus on app-less engagement and creator tools suggests a strategy aimed at broad adoption and user-generated content, which could accelerate growth and market penetration.
See full Passage company page
