Sandbox VR, the location-based VR attraction, introduced a further $11 million in funding from a few of the greatest family names in leisure and funding.
Sandbox VR says in a press assertion that their newest funding brings their complete funds to $83 million, together with the Sequence A spherical earlier this 12 months that netted the corporate $68 million from Andreessen Horowitz, Alibaba, Floodgate Ventures, Stanford College, Triplepoint Capital, and CRCM.
The latest funding spherical was led by David Sacks of Craft Ventures and the Andreessen Horowitz Cultural Management Fund, with extra buyers together with Justin Timberlake, Katy Perry, Orlando Bloom, Will Smith, Honda Keisuke, Dreamers Fund, Michael Ovitz, and Kevin Durant & Wealthy Kleiman of Thirty 5 Ventures.
“We imagine that VR is lastly able to take off as a mass-market phenomenon in malls, the place it may be optimized for a social expertise,” mentioned David Sacks, co-founder and basic associate at Craft Ventures. “We selected the Sandbox crew due to their background in recreation design; their VR experiences have a stage of interactivity — with each the VR world and different gamers — that we couldn’t discover elsewhere. We imagine that Sandbox VR is poised to grow to be the primary VR expertise for hundreds of thousands of shoppers all over the world.”
The corporate at present runs facilities in Los Angeles, San Francisco, Vancouver, Hong Kong, Jakarta, Macau, and Singapore. Places in Austin, Chicago, Dallas, New York, and San Diego are marked as “coming quickly” on the corporate’s web site.
The corporate says a complete of 16 complete places are nevertheless deliberate to open by the top of 2020.