Lighthouse Labs raises $7 million to create a metaverse search engine

Montreal-based crypto startup Lighthouse Labs has raised $7 million in seed funding ahead of the summer launch of its metaverse search engine.

Following the round led by Accel, BlockTower and Animoca Brands, the company said in a statement that the platform will make places, events, communities and people across different metaverses searchable from one point of view. ‘hall.

“Right now, discovery in the metaverse is more like a game, where you have to jump between games to find things, than the internet, where you can access everything from a single point of entry,” Jonathan Brun, co-founder and CEO of Lighthouse, said in the statement.

For on-chain data, co-founder and CTO Justine Massicotte explained that the company will use subgraphs to index information, while for off-chain data, Lighthouse will collect it through direct partnerships with metaverse companies.

While the company said it didn’t share its valuation or what metaverse companies it currently works with, it did highlight its ties to metaverse companies throughout the funding round. Investor Animoca brandsaccording to its website, has 21 Metaverse companies in its portfolio, and its sister company The Sandbox founders are general partners of Sparkle Ventures, another participating investor.

White Star Capital, Gemini Frontier Fund and lead developer The Graph StreamingFast also participated in the round, joined by individual investors including Nansen Founder Alex Svanevik, POAP Founder Patricio Worthalter, Messari Founder Ryan Selkis and the founder of Exclusive Thibault Launay.