Virtual reality entertainment operator Sandbox VR has amassed $68m in series A capital from investors including Stanford University.
Stanford University invested in US-based virtual reality (VR) entertainment provider Sandbox VR yesterday as part of a $68m series A round led by venture capital firm Andreessen Horowitz.
E-commerce firm Alibaba also participated in the round, along with VC firm Floodgate, CRCM Ventures, which functions as the VC arm of investment manager ChinaRock Capital Management, and growth equity firm TriplePoint Capital.
Founded in 2016, Sandbox VR operates interactive VR entertainment venues at public locations such as shopping malls that let customers play high-definition VR media and games in an expansive, social environment.
The experience caters to groups of two to six people and can be shared by customers through social media outlets such as Instagram. It is currently available at seven locations across the US, Canada and Asia, Sandbox having opened the first centre in Hong Kong in 2017.
The company eventually hopes to create a…
