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New Deal


Announced

Completed

a16z led a $32m funding round in Plai Labs.

Financials

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Transaction Value£25m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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IT Services: Other

Single Bidder

Domestic

Venture Capital

Completed

Minority

Acquisition

Web3 Social Platform

Private

United States

Friendly

Synopsis

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a16z, a crypto investment firm, led a $32m funding round in Plai Labs, a Web3 social platform builder. "The metaverse is a lonely place unless there's a social connection. We're thinking about what we know and how to apply that to the next iteration of what we believe is going to be a new way that people interact with one another,” Josh Brooks, Plai Labs Executive Vice President of marketing and operations.

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