StatusPro Raises $20 Million in Series A Funding Round Led by Google Ventures
Sports virtual reality (VR) and gaming specialist, StatusPro, has secured an impressive $20 million in a Series A funding round led by Google Ventures (GV). This investment round, one of the largest of its kind in the VR industry, highlights the growing interest and potential for extended reality (XR) experiences. Other notable participants in the funding round include Dream Sports, Mark and Zygi Wilf’s Wise Ventures, JDS Sports, and Alumni Ventures. In addition, existing investors such as LeBron James, Maverick Carter, Drake, and Haslam Sports Group also took part. The new funds will be used to further develop StatusPro’s technology and introduce new sports-themed games, following the success of its NFL Pro Era game.
StatusPro Strengthening Leadership Position in the Emerging XR Field
Founded in 2020 by former American football players Andrew Hawkins and Troy Jones, StatusPro has quickly emerged as a leader in the XR field. With the backing of influential investors like Google Ventures, Dream Sports, and Minnesota Vikings owners Mark and Zygi Wilf, StatusPro is poised to solidify its position as a top player in the sports VR and gaming market. The company is committed to defining first-person sports experiences and aims to deliver cutting-edge technology that captures the excitement, competitiveness, and camaraderie of being a professional athlete.
Expansion Plans for StatusPro’s VR Gaming Technology
StatusPro’s success with its officially licensed NFL Pro Era game has paved the way for expansion and growth. The game has been downloaded over one million times, making it the fastest-selling sports title in VR history. With the recent injection of funds from the Series A round, StatusPro plans to continue advancing its technology and releasing new sports-themed games. The company’s client roster already includes the NFL’s Baltimore Ravens, the NFL Players Association (NFLPA), and several teams from the National Collegiate Athletic Association (NCAA). By further developing its VR gaming offerings, StatusPro aims to revolutionize how fans interact with their favorite sports and create an immersive, engaging experience.
Validation from Industry Leaders Affirms StatusPro’s Potential
The participation of prominent investors, including Google Ventures and NBA legend LeBron James, demonstrates the growing recognition and validation of StatusPro’s potential. The involvement of GV, Dream, and other syndicates in the funding round underscores the immense opportunity to leverage emerging technology and revolutionize fan engagement in the sports industry. StatusPro’s ability to attract such high-profile investors highlights its promising future and positions the company as a frontrunner in the XR space.
Previous Fundraising Success and Notable Investors
StatusPro has experienced success in previous funding rounds, boasting a notable list of investors. In August 2021, the company raised $5.2 million in a seed round with support from KB Partners, TitletownTech, Greycroft, Verizon Ventures, 49ers Enterprises, and tennis star Naomi Osaka. The continued support and investment from these influential figures underscore the industry’s belief in StatusPro’s vision and its potential to reshape the sports VR and gaming landscape.
Analyst comment
Positive news: StatusPro Raises $20 Million in Series A Funding Round Led by Google Ventures. Analyst prediction: With the support of such influential investors, StatusPro is poised for growth and success in the sports VR and gaming market. The funds will be used to further develop their technology and introduce new sports-themed games, solidifying their position as a top player in the XR space. Expect continued innovation and revolutionization of fan engagement in the sports industry.
