StatusPRO, a sports technology company that combines data with augmented, mixed, and virtual reality to provide training and gaming products has secured a $20 million Series A funding round.
This investment, one the largest Series A investments for a VR gaming entity thus far, marks a pivotal moment for the company, positioning it as a frontrunner in the VR gaming sphere.
Led by Google Ventures and backed by Dream Sports, alongside notable celebrity investors like LeBron James and Drake, this funding underscores StatusPro’s aggressive strides toward dominating the VR landscape.
“No matter if it’s virtual reality or spatial computing, our vision at StatusPRO is to define first-person sports and deliver experiences that truly embody the emotion, competition, and sense of community that comes with being a professional athlete,” said Troy Jones, co-founder and Chief Executive Officer of StatusPRO.
NFL Pro Era, the company’s immersive NFL training and gaming platform, has already racked up over 1 million users, boasting an average playtime double the industry standard. This engagement highlights the strong demand for VR experiences that blur the lines between training and entertainment.
But StatusPro’s ambitions extend beyond the gridiron. The Series A funding will fuel the development of new VR experiences across various sports, potentially creating a diverse VR sports ecosystem that caters to a wider audience.
The investor lineup adds another layer of excitement to StatusPRO’s story. Google Ventures’ backing signifies the tech giant’s confidence in VR’s potential to reshape the sports landscape. Sports tech leader Dream Sports brings valuable industry expertise, while celebrity investors like LeBron James and Drake lend star power and cultural relevance.
This strategic blend of financial muscle, industry knowledge, and star power positions StatusPro for an exciting future. The company is poised to capitalize on the surging VR market, estimated to reach $20.9 billion by 2025.
With its innovative approach, passionate team, and now, ample resources, StatusPRO is well on its way to becoming a leading force in the VR sports revolution.