Tapping into the Celeb Fund – Sandbox Crazy Party Raises Millions

Technology

Virtual Reality is quickly gaining steam. And, so is Sandbox’s money gaining superpower. Only recently, it raised $11 mn in a strategic investment move – celebrity party round. While it is true a substantial amount came from Silicon Valley stars, a glitzier group glammed the space too.

So, from the Silicon Valley, David Sacks and the Andreessen Horowitz Cultural Leadership Fund, led the round. From the star studded group, Justin Timberlake, Katy Perry, Orlando Bloom and Will Smith were the frontrunners. Moreover, there were investors like Michale Ovitz, Honda Keisuke and Kevin Durant marking their presence.

It is worth noting here that most of these have not much in common with each other. So, one is tempted to ask – what is the glue holding them together? And, the answer seems to be that they are LPs in Andreessen Horowitz Cultural Leadership Fund.

About Sandbox VR:

It is a virtual reality set-up, which is location-based. And, it capped of 68 million series A in 2019, beginning of the year. And, as stated above, Andreessen Horowitz Cultural Leadership Fund, led the fundraising, both then and now.

It is pertinent to note that Sandbox VR us popular for its physical spaces that allow people to play VR games. And, it is also worth noting that these spaces are usually retail locations. Basically, it won’t be wrong to say that it is an arcade which uses costly technology. And, that is how it brings in new customers to its fold.

Furthermore, it is interesting that it is this formula that has not failed. yet unlike other similar virtual reality set-ups. And, it will not be wrong to say that there is creativity in here which lacks in other spaces. Mainly, it focuses on combining a VR experience with an actual physical setting. And, this helps people cozy up with the technology and strengthen brand recall for Sandbox VR.

 

Philip Marshall

Philip Marshall mainly writes in the areas of science and technology, consumer goods, and energy. He contributes extensively to various science and technology news sites with his penchant to keep readers updated with various developments in the field of science and technology. His deep interest in science combined with a technical bent provides an analytical angle to his news stories. His ability to write in an easy, comprehensible yet interesting language turns on readers’ attention to ask for more interesting news stories.

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