Gym Class, a virtual basketball app, has announced that it has closed an $8 million round of investment. With participation from Y Combinator, Andreessen Horowitz (a16z) led the round.
The VR app was first released by the Meta Quest App Lab, where it is currently one of the most popular apps, with over 1 million users downloading it. The creators expect it to launch on the Meta Quest store later this year.
Gym Class's co-founder and CPO says the game is more than a game; it's a digital sport. It allows you to play like a pro, compete, cheer, and participate in the whole experience of the sport. Along with these, we believe digital sports will develop vibrant global communities, leagues, entertainment, fitness, and more.
Andrew Chen, an Andreessen Horowitz partner, believes games, virtual worlds, and digital sports will become the new social networks. Gym Class represents the beginning of digital sports. It has the potential and the right team behind it to realize the true potential of social VR.