Dubit raises $ 8M for Roblox-based metaverse esports events

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Dubit, a game studio that specializes in games for the metaverse, announced today that it had raised $ 8 million to expand its esports efforts in the metaverse.

The round was led by Metaventures and investor Jean-Charles Capelli. Dubit is currently valued at $ 55 million and has over 100 employees in total. The company has been making games since 1999, though it recently expanded to the metaverse-friendly title Roblox.

Capelli said in a statement: “Dubit is in the perfect position to take advantage of the new opportunities in the metaverse. No other company has 20 years of experience in developing and launching virtual worlds, combined with a fantastic network of brands and organizations as it works. with around the world. “

Dubit is using this money to open “the world’s first live esports league in the metaverse.” The Metaverse Gaming League (MGL) is currently in beta in Roblox, where it hosts live esports events.

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Dubit co-founder Matthew Warneford said in a statement: “We’re excited to work with Jean-Charles Capelli to pioneer new ways for brands to enter the metaverse, such as through our Metaverse Gaming League. The investment will also give us the opportunity to create massively interactive live events in music and fashion that brands can collaborate with. It’s an exciting time for Dubit, which puts all our experience and expertise to work in the metaverse. “

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