Alibaba gets in Sandbox for $68m round

Jan 29, 2019 • Callum Cyrus

Virtual reality entertainment operator Sandbox VR has amassed $68m in series A capital from investors including Alibaba.

E-commerce firm Alibaba invested in US-based virtual reality (VR) entertainment provider Sandbox VR yesterday as part of a $68m series A round led by venture capital firm Andreessen Horowitz.

Stanford University also participated in the round, along with VC firm Floodgate, CRCM Ventures, which functions as the VC arm of investment manager ChinaRock Capital Management, and growth equity firm TriplePoint Capital.

Founded in 2016, Sandbox VR operates interactive VR entertainment venues at public locations such as shopping malls that let…

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