Virtual Worlds News reports that HiPiHi has raised $7-10m, with the little comment that it’s “from three overseas venture capital firms for a 10 percent stake in the company.” So, uh, that’s a valuation of $70-100m for a product in beta.
On the flip side, I just mentioned Multiverse’s round, which was for $4.175m. According to VentureBeat, that’s with a post-money valuation of $10.5m.
Quite a gap there. Is it all attributable to HiPiHi being in China? Is it because the monolithic server is seen as a better business play than the slightly-middlewarish Multiverse approach? Who knows!
I know, I know, all you gamer types are bored with this biz and legal stuff I keep blogging today. 🙂