Experiential virtual reality startup Sandbox VR used this deck to secure $68m in series A money

ABOUT

Sandbox VR is a Hong Kong-based startup that offers a futuristic virtual reality (VR) experience where groups of up to 6 members can see and physically interact with each other, just like in the real world.

Founded in 2016 by Steven Zhao, it specializes in creating immersive and hyperrealistic games. But unlike those played on a Playstation VR console, Sandbox VR specializes in creating location-based VR games. This means players go to a brick-and-mortar location to experience the game instead of simply playing it at home.

Sandbox VR used this deck to help it secure US$68 million in its series A round of funding.

Fundraising journey

• 2017: US$3 million of seed funding from Alibaba Hong Kong Entrepreneurs Fund, CRCM Ventures, Presence Capital Fund, MindWorks Ventures, and angel investors
• January 2019: US$68 million of series A funding led by US-based VC firm Andreessen Horowitz, with participation from Alibaba, Floodgate Ventures, Stanford University, TriplePoint Capital, and CRCM
• October 2019: US$11 million in the second round of its series A funding led by David Sacks, co-founder of Craft Ventures, and the Andreessen Horowitz Cultural Leadership Fund. The round also saw the participation of Dreamers VC and various angel investors including professional footballer Keisuke Honda, pop star Justin Timberlake, singer Katy Perry, NBA player Kevin Durant, Hollywood actors Orlando Bloom and Will Smith, Thirty Five Ventures co-founder and partner Rich Kleiman, and Broad Beach Ventures owner Michael Ovitz.

How is the deck compelling?

• The pitch deck starts with a statement outlining the various disappointments and challenges in the VR industry.
• It goes on to share the VR services provided by Sandbox, supported by good reviews and a growing customer satisfaction rate as proof.
• The deck outlines the future opportunities in the VR industry.
• It then introduces the company’s core team before concluding the presentation.

SOURCE

Deck: Angel Match