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Gym Class, a VR basketball app, announced today that it has closed an $8 million funding round. Andreessen Horowitz (a16z) led the round, with the participation of Y Combinator.
The VR app has been launched in the Meta Quest App Lab, where it is currently one of the most popular apps and has been downloaded by more than 1 million users. It’s a combination of a sports app and a social space, and the creators hope to launch it in the Meta Quest store later this year.
Paul Katsen, co-founder and CPO of Gym Class, said in a statement: “Gym Class is more than a game, it’s a digital sport. It allows you to dunk like a pro, become a basketball star, watch, compete, cheer and getting involved in the whole experience of the sport.As with real sports, we believe that digital sports will see thriving global communities, competitions, entertainment and events, fashion, commerce, fitness and more.
Andrew Chen, partner at Andreessen Horowitz, added: “We are convinced that games, virtual worlds and digital sports will be the new social networks. Gym Class heralds the dawn of digital sports. It has the traction and the right team behind it to realize the true potential of social VR. We strongly believe in the vision and the team that has already proven that Gym Class has a huge audience and opportunity.”
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