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Monday, March 20, 2023

VR basketball app Gymnasium Class raises $8M forward of fall launch

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Gymnasium Class, a VR-basketball app, at present introduced it has closed an $8 million spherical of funding. Andreessen Horowitz (a16z) led the spherical, with participation from Y Combinator.

The VR app launched within the Meta Quest App Lab, the place it’s presently probably the most widespread apps, having been downloaded by over 1 million customers. It’s a mix of a sports activities app and a social area, and the creators hope to launch its on the Meta Quest retailer later this yr.

Paul Katsen, co-founder and CPO of Gymnasium Class, stated in an announcement, “Gymnasium Class is greater than a sport, it’s a digital sport. It allows you to dunk like a professional, develop into a basketball star, watch, compete, cheer and get entangled in the entire expertise of the game. Similar to with actual sports activities, we imagine digital sports activities will see thriving international communities, leagues, leisure and occasions, vogue, commerce, health and extra.”

Andrew Chen, associate at Andreessen Horowitz, added, “We’re satisfied that video games, digital worlds and digital sports activities would be the new social networks. Gymnasium Class alerts the daybreak of digital sports activities. It has the traction and has the proper staff behind it to comprehend the true potential of social VR. We’re robust believers within the imaginative and prescient and the staff who’ve already confirmed Gymnasium Class has a large viewers and alternative.”

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