Ambient Sound Investments (ASI), established by the four co-founding engineers of internet telephony software company Skype, will acquire a stake as part of a Series A funding round in 3D social networking company Frenzoo, to bring to market an exciting new online experience across the region.
Frenzoo enables teenagers and young adults to connect with their friends and become budding fashionistas. Frenzoo users can express themselves by personalizing their own virtual 3D characters, and play mix-and-match with a variety of branded clothes, footwear, accessories, furniture and lifestyle items.
“We are attracted to Frenzoo’s unique technology and business model†said Toivo Annus, Managing Partner at ASI. “Integrating 3D and social networking opens up a world of opportunities for both users and advertisers. Asia is a dynamic and growing market, and we look forward to helping Frenzoo bring this service to life.”
The Frenzoo experience utilizes the company’s RealFashion 3D Engine that simulates users’ character, clothing and living environments in true 3D, leveraging recent advances in graphics hardware.
Originally posted on May 29, 2007 @ 7:31 am