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COMPANY PROFILE

Avakin Life

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An online 3D social App for Android, iOS, and Amazon devices

Nottingham, United KingdomFounded 2013Consumer Services
Valuation $100–250M Last recorded · 2020
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Avakin Life and the history behind them.

About Avakin Life

Avakin Life is a 3D virtual world and social simulation game developed by Lockwood Publishing Ltd. The company was founded in 2009 by Halli Bjornsson and Joel Kemp. Bjornsson, the CEO, has a background in the mobile and gaming industry, having previously founded other tech companies. Lockwood Publishing started by developing content for PlayStation Home before shifting its focus to the rapidly growing mobile market, which led to the creation of Avakin Life.

Launched in 2013, Avakin Life allows players to create and customize 3D avatars, design and decorate their virtual apartments, and socialize with other players in a vast, interconnected world. The game's primary audience is the 17-24 age demographic, providing a platform for social interaction and self-expression. Users can engage in various activities such as exploring social spots, playing mini-games, and attending virtual events. The business model is free-to-play, with revenue generated through in-app purchases. Players can buy virtual currency, called Avacoins, to acquire clothing, accessories, furniture, and other digital items to enhance their experience.

The platform emphasizes user-generated content and community engagement, allowing players to shape their own experiences. Its key features include extensive customization options for avatars and spaces, a wide array of social environments, and regular content updates with new items and events. Avakin Life has achieved significant milestones, including surpassing 200 million registered users and receiving the Queen's Award for Enterprise for International Trade in 2018.

Source: Dealroom company data

At a glance

Status
Closed
Founded
2013
Headquarters
Nottingham, United Kingdom
Open positions
None listed
Dealroom signal
0.0/100
Industry
Gaming
Sector
Consumer Services, Metaverse, Hard Tech, uk is8 creative industries
Technology
3D Technology
Business model
SaaS
Client focus
b2c

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES A✓Equity / VC Nov 2020 $25M $100M David Helgason · Tencent · Novator · Hilmar Pétursson —
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Growth signals

Avakin Life website traffic

Latest recorded traffic for Avakin Life is 150K monthly website visits, down 16.7% over the last three months.

Latest monthly visits150K 3-month web change-16.7%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

4 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A4 investors entered at this stage

  • Tencent
  • David Helgason
  • Novator
  • Hilmar Pétursson
Team profiled 2 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇬🇧 United Kingdom · Nottingham HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Avakin Life on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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