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Sandbox VR Raises $11 Million From Justin Timberlake, Will Smith, Others

Hong Kong-based virtual reality startup Sandbox VR has closed an $11 million funding round, bringing the company’s reported total to $83 million in 2019 following a Series A round earlier this year.

Led by Craft Ventures’ David Sacks and Andreessen Horowitz Cultural Leadership Fund, the funding round includes Katy Perry, Justin Timberlake, Will Smith and Orlando Bloom among a celebrity-packed group of new investors.

Also on the list are Hollywood super-agent and CAA co-founder Michael Ovitz; Japanese soccer star Honda KeisukeKevin Durant and his manager, Rich Kleiman; and The Dreamers Fund, which was launched by Keisuke and Smith.

“We’re incredibly honored to be able to work with some of the most talented and influential artists, athletes, and actors in the world”, said Sandbox CEO and founder Steve Zhao. “Their support is a vote of confidence that our platform will one day become the new medium for the future of sports, music, and storytelling”.

Billboard

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