Ready Player Me, an Estonian company specializing in customizable avatars, has raised $56 million in Series B funding led by a16z, aiming to expand its developer-focused solutions in the growing digital landscape.

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Ready Player Me, a portfolio company of Startup Wise Guys, has successfully secured a Series B funding round totaling $56 million. This round is led by the prominent venture capital firm a16z and includes notable investors such as co-founders from Roblox and Twitch, as well as the D’Amelio family, well-known TikTok influencers. Ready Player Me aims to revolutionize the way users engage with virtual environments through the provision of customizable animated avatars.

Founded in Estonia by Timmu Tõke (CEO), Rainer Selvet (CTO), Kaspar Tiri (CCO), and Haver Järveoja (COO), the company initially focused on hardware-based 3D scanning technology. Their innovative approach involved placing 3D scanners resembling cosmic eggs in public spaces, which facilitated the collection of a comprehensive database of over 20,000 high-quality facial scans. This technology formed the basis for their flagship product, enabling users to create dynamic avatars for various digital platforms.

Industry Overview in Estonia

The digital and technology landscape in Estonia is thriving, particularly in the realm of online services and innovations. The country's robust tech infrastructure, combined with a highly educated population, has fostered numerous s