Hong Kong-born virtual reality (VR) gaming startup Sandbox VR is looking to rake in fresh capital for a Series C round by the end of this year after turning profitable in January, founder and CEO Steven Zhao said in an interview with DealStreetAsia.
While Zhao didn’t disclose the exact amount it is targeting for its new fundraising plan, the startup, backed by the likes of Alibaba, Andreessen Horowitz, Craft Ventures, and Gobi Partners, is anticipating a bigger round than the $37 million Series B it closed about a year and a half ago.