NEWPORT BEACH, Calif., March 06, 2025 (GLOBE NEWSWIRE) — Peer Global Inc., redefining gaming and social media with the world’s first true metaverse game engine, announced today that it has raised a $10.5M round of funding, bringing its total funding to date to $65.5M – all from angel investors. The Family Office of Tommy Mai was the sole investor of this round. Previous investors include the LA area Family Offices of Dr. Hannah Vu, Dr. Paul Duong, Dr. Quan Nguyen, Dr. Trina Nguyen, Khanh Van Nguyen and Jan Nguyen.
Peer will use the funds to fuel hiring and accelerate AI product development as it publicly launches personal planets today with a dynamic, AI-powered world where exploration, creativity, and social connection come together—all built on Peer’s platform, the first true metaverse game engine that enables developers to create multiple games that can be connected to one another.
While legacy social media sites are built around linear timelines and feeds—designed to create FOMO and addiction—Peer is a persistent 3D world that combines the exploration of Pokémon GO with the creativity and user-generated experiences of Roblox. Tony Tran, founder of Peer, started the company after seeing firsthand how social media addiction was affecting kids, as they chased the next high from apps engineered to maximize engagement.
In a traditional social media feed, content appears as a flat, linear stream of posts or updates. Users scroll through images, videos, and text organized chronologically or algorithmically, and interactions are mostly limited to likes, comments and shares with just a glimpse or keyhole peek at information. It’s a passive experience: content is presented to users, and they consume it one piece at a time. Peer offers a dynamic space where social interaction is immersive, …
