3D social network BUD raised $15 million in Series A led by Qiming Ventures Partners where Source Code Capital, GGV Capital and Sky9 Capital also participated.
BUD enables users to design their own 3D experiences and interact with others. The new funds will be used for product development and user growth in the international market. BUD has grown into a team of 100 people. Their ambition is to hire 200 people by the end of the year and to establish a global headquarters in Singapore, which is emerging as a crypto hub. One of BUD's selling points is the ease with which people with no technical background can create customised 3D worlds using drag-and-drop.