CITA Gestion invests in YOOWALK for 3D Web

YOOWALK, a new start-up out of France aimed at creating a 3D Web, announced that it has closed a round of funding from CITA Gestion and angel investors, including Alexis Caude, founder and president of the Newsweb Group. The goals of the company are to create a 3D Internet, "organized by villages, grouping websites and brands by areas of interest." Users can create their own rooms and upload images, videos, sound, and text or simply link to content from the Web. It looks like YOOWALK is creating content or "walksites" for some major websites, but businesses can also create their own content. "This first round of funding provides us with the necessary means to launch, as early as next spring, the beta version of our community 3D platform,"  Xavier Marvaldi, president and founder of YOOWALK, said in a statement. "With this timing, YOOWALK will be the first to offer this kind of service, benefiting from a first-mover advantage. Our 3-year target is to become the leader of virtual worlds in Europe with 10 million unique visitors."

Marvaldi previously served as General Manager of M6web. YOOWALK was also selected as one of the 30 start-ups for at LeWeb3.

"YOOWALK attracted us with their original approach, at the same time breaking the rules of traditional web navigation as we know them, combined with delivering the community services and social networks that are booming today," added Philippe Queveau, CEO of CITA Gestion. "The management’s vision, as well as their strong experience in these fields, convinced us to invest in YOOWALK."