Hong Kong-based VR Startup Sandbox Nearly Closed Down; Came Back Stronger With Plans to Expand Globally

Backed by popular celebrities such as Will Smith, Katy Perry and Justin Timberlake during 2019


Wilson Twoon

24 Jan, 2022

Hong Kong-based VR Startup Sandbox Nearly Closed Down; Came Back Stronger With Plans to Expand Globally | BEAMSTART News

- From our Sponsors -

Hong Kong-based startup Sandbox VR (previously known as Glostation) plans to regain their footing in the VR space with plans on expanding to 40 other locations globally, according to an interview with SCMP.

Sandbox VR's History

Founder & CEO of Sandbox VR, Steven Zhao

  • The startup was first founded by Steven Zhao in 2017
  • Their office was located at 16th floor of a Hong Kong back-alley building
  • Offers location-based VR experiences with equipment like haptic vests and motion sensors

Latest Jobs

Founding GTM Associate

Sprites

Full Time

USD 4000 — USD 7000 yearly

Founding GTM Lead

Wayline

California,

Full Time

USD 180000 — USD 220000 yearly

Channel Sales Manager

Escape

New York,

Full Time

USD 150000 — USD 170000 yearly

Bill McDermott

Entangl

California,

Full Time

USD 100000 — USD 150000 yearly

Customer Success Lead

Okteto

Contract

USD 150000 — USD 175000 yearly

Slow Growth and Impending Bankruptcy Due to COVID-19

Initial hurdles faced by Sandbox VR:

  • Slow growth and poor sales 
  • The firm was forced to shut down their arcades due to COVID-19
  • In 2020, the company filed for Chapter 11 bankruptcy in the US 
  • Zhao laid off 80% of his workforce, mostly from the research and development team

Community Q&A

Bounced Back Stronger with Reputable Investors

Despite numerous setbacks, Sandbox VR managed to recover from their downfall, and proceeded to: 

  • Reopen their arcades in April 2021 with new locations as COVID-19 restrictions eases 
  • Secure US$37 Million in a Series B funding by Andreessen Horowitz
  • Receive strong backing from Alibaba Group

- From our Sponsors -

Latest Jobs

Sr Software Engineer, Core Product

Salient

California,

Full Time

USD 190000 — USD 260000 yearly

Backend Engineer

Coris

California,

Full Time

USD 120000 — USD 140000 yearly

Founding GTM (SDR)

Surface Labs

California,

Full Time

USD 65000 — USD 120000 yearly

Software Engineer, Back End

Short Story

California,

Full Time

USD 150000 — USD 190000 yearly

Senior Software Engineer, Marketplace Experience

Curri

California,

Full Time

Salary Undisclosed

Software Engineer

Broccoli AI

Full Time

USD 150000 — USD 300000 yearly

Deployed GxP Specialist (FDE)

Seal

California,

Full Time

USD 100000 — USD 200000 yearly

Accounts Receivable Specialist

Alguna

Full Time

USD 30000 — USD 75000 yearly

Founding Scaled Customer Success Manager

Hadrius

New York,

Full Time

USD 120000 — USD 150000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2026 BEAMSTART. All Rights Reserved (Legal).