Born out of the Stanford Virtual Human Interaction Lab, Strivr uses virtual reality to train athletes and employees and has now collected $51m in funding altogether.

Strivr, a US-based immersive learning technology spinout of Stanford University, secured $30m in series B funding on Tuesday from investors including Prologis Ventures, the corporate venturing arm of logistics real estate operator Prologis. Growth equity firm Georgian Partners led the round, which was also backed by Franklin Templeton, GreatPoint Ventures and Alumni Ventures Group. Tyson Baber, a partner at Georgian Partners, has taken a board seat at Strivr. Strivr has created an immersive learning system that uses virtual reality to help train athletes and employees. It was co-founded by Derek Belch, then an assistant coach for the Stanford football team and Master’s student researching virtual reality. Encouraged by head coach David Shaw, who had seen promising results from his team using Belch’s initial research, Belch collaborated with his eventual co-founder Jeremy Bailenson, professor and founder of the Virtual Human Interaction Lab. The series B round pushed the company’s total funding to $51m, it said. Strivr closed a $5m round in 2016 that was led by Signia Venture Partners, which invested alongside carmaker BMW’s corporate venturing unit, BMW i Ventures, and Advancit Capital. Sporting association National Football League added an undisclosed amount the following year before Strivr secured $16m in a late 2018 round led by GreatPoint Ventures. – A version of this article first appeared on our sister site, Global Corporate Venturing.

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?