IMVU Closes $10 Million Round from Best Buy Capital

The social nature of teens has proven to be quite lucrative for IMVU, who provides virtual rooms for the teen demographic. Users are capable of designing their own rooms and avatars as well as socialize, download music, and create and sell virtual goods of their own design. And last week, the company stated that it has raised $10 million in a forth round of funding.

The round was led by Best Buy Capital, and existing investors including Menlo Ventures, Allegis Capital, and Bridgescale Partners also participated. 

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