Startup profile for Alta: latest funding, latest known valuation, total disclosed funding, investors, status, sources, and why the company is interesting. Part of the Venture Capital Tracker startup directory.
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Alta funding, valuation and investors

VR game studio building cooperative exploration worlds (A Township Tale).

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Funding, valuation & investors

Answer-first snapshot

Latest funding

Seed

$12.4M · January 2022

Latest known valuation

$62M

Seed · January 2022

Total disclosed equity funding

$12M

Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.

Current status

private

seed · Sydney, Australia

Investors in latest funding

Lead: Makers Fund , Andreessen Horowitz

Sources: latest funding Last verified: 2026-07-25

Overview

Alta is an independent virtual reality game studio best known for A Township Tale, an open-world cooperative RPG set in a medieval fantasy world where players craft, explore, and share persistent worlds. Founded in Sydney in 2016 by Tima Anoshechkin, Joel van de Vorstenbosch, and Boramy Unn, Alta distributed the title independently before expanding to PC VR and Meta Quest, where it reached #1 on Quest charts after launch. In January 2022 the studio raised a $12.4M seed round co-led by Makers Fund and Andreessen Horowitz at a reported $62M valuation to expand headcount, develop new IP, and port experiences to additional platforms.

Why Alta is interesting

Alta shipped a deeply systemic open-world VR RPG years before Meta Quest scale — a16z and Makers Fund co-led seed to expand beyond a single indie hit.

Product & use cases

Alta develops immersive multiplayer VR worlds — flagship title A Township Tale is a systemic open-world RPG with crafting, co-op exploration, and community-hosted servers monetized via game sales and cosmetic microtransactions.

  • Cooperative VR exploration and crafting for PC VR and Meta Quest players
  • Community-hosted multiplayer servers with premium hosting subscriptions
  • Expanding proprietary VR IP to new platforms beyond Quest and PC VR

Key facts

  • Seed (Jan 2022): $12.4M co-led by Makers Fund and a16z at $62M valuation (TechCrunch)
  • Flagship title A Township Tale hit #1 on Meta Quest charts after platform debut
  • Co-investors not in VCT directory: Pioneer Fund, Boost VC, muru-D, Thomas Rice

Funding history (newest first)

Seed

2022-01 $12.4M Valuation: $62M

Source: https://techcrunch.com/2022/01/26/alta-closes-12-4m-seed-round-led-by-makers-fund-and-andreessen-horowitz/

Investors in our directory

Funds linked from Alta's profile — open a fund page for stage focus and related deal articles.

Andreessen Horowitz

Competitive landscape

Edge: Deeply systemic world design built over years with a loyal indie community before institutional capital — technical team with long VR shipping history vs. newer metaverse entrants.

VR gaming saw renewed investor interest in 2021–2022 as Quest adoption grew. Alta competes with social VR hubs (Rec Room) and MMO-style titles on Quest. Its differentiation is a highly systemic single-world RPG cultivated since 2016, not a UGC platform. Post-seed, success depends on shipping new IP and cross-platform expansion while retaining the Township Tale community that drove initial traction.

  • Rec Room direct

    Social VR platform with UGC; Alta focuses on authored open-world RPG depth vs. mini-game hub model.

  • Zenith: The Last City direct

    VR MMO with similar fantasy co-op positioning; Alta's Township Tale predates many Quest-native competitors.

  • Meta Horizon Worlds adjacent

    Platform-scale social VR from headset OEM; Alta is independent studio with dedicated game IP.

Notable stories

  • Alta distributed A Township Tale independently for years as a 'sleeper' indie hit before major VC backing — unusual path in VR where storefront discovery dominates (Road to VR).
  • a16z partner Andrew Chen cited VR adoption growth and games/social convergence as investment rationale — Makers Fund's Jay Chi joined the board.
  • Note: unrelated fashion-tech company also named Alta raised in 2025; this profile is Alta VR (Township Tale studio).

Industries

Media & Entertainment

Related funding articles

Venture Capital Tracker pieces that cover Alta's financing or category context.

FAQs about Alta

Practical answers founders, operators, and investors typically search for.

Alta is a VR game studio known for A Township Tale, an open-world cooperative medieval fantasy RPG for PC VR and Meta Quest.
Makers Fund and Andreessen Horowitz co-led Alta's $12.4M seed in January 2022. See /fund/andreessen-horowitz.
A Township Tale is Alta's flagship VR RPG where players craft, explore, and share persistent fantasy worlds with other users.
2016 in Sydney, Australia, by Tima Anoshechkin, Joel van de Vorstenbosch, and Boramy Unn.
No. This Alta is a VR game studio (alta-vr.com). A separate fashion-tech company named Alta raised later — different entity.
A Township Tale runs on PC VR and Meta Quest. Post-funding, Alta planned expansion to additional platforms.
$12.4M seed in January 2022. TechCrunch reported a $62M valuation at that round.
Rec Room is a broad social VR platform with user-created mini-games. Alta builds deep authored open-world RPG experiences with systemic crafting and exploration.
Sydney, Australia, with presence in San Francisco per TechCrunch reporting.
Alta has not publicly disclosed profitability. Revenue comes from game sales, cosmetics, and server hosting per industry profiles.
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