INSUBCONTINENT EXCLUSIVE:
off a huge $68 million Series A led by Andreessen Horowitz at the beginning of the year, is bringing on some new investors in a $11 million
Andreessen Horowitz Cultural Leadership Fund led the round, but they joined the much glitzier names of celebs, including Justin Timberlake,
Katy Perry, Orlando Bloom and Will Smith
beyond being LPs in the Andreessen Horowitz Cultural Leadership Fund, which seems to be the glue holding these stars together.Sandbox VR
operates physical spaces, generally in retail locations, in which users can play multiplayer virtual reality games with friends
reality experiences to physical real estate giving the curious a hub to try out the technology.Sandbox has plenty of obstacles ahead, the
very expensive very quickly for Sandbox
Consumer expectations are also quite high given the steep $48 ticket price for the 30-minute experience
Sandbox recently partnered with CBS Interactive Studios to create a title based on Star Trek IP.Sandbox will have to compete with consumer
headsets like the Oculus Quest that are far cheaper and simpler than previous-generation at-home headsets
The startup also will have to find ways to deepen experiences while still relying on plenty of off-the-shelf consumer hardware
billions to accelerate.Generating venture-sized returns will undoubtedly involve more than jacking up ticket prices for more immersive
Whatever Sandbox does, the team is going to have to walk in the same footsteps of many VR companies before it, all while improving
gathering attention from celebrities like Kanye West has already been part of the strategy
The company has now raised a whopping $82 million.
