StatusPRO

StatusPRO

StatusPro: Sports technology and gaming company. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€73—109m (Dealroom.co estimates Feb 2024.)
Los Angeles California (HQ)
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StatusPro is a groundbreaking startup that operates in the virtual reality (VR) gaming and training market. The company was founded by former athletes Andrew Hawkins and Troy Jones, who leveraged their experiences in professional sports to create immersive VR products. Their primary offering, Pre Game Prep, is a training tool for NFL coaches and players, providing a unique, athlete-first perspective on high-level competition.

The company's business model is centered around the development and sale of these VR training and gaming products. By offering an unprecedented level of realism and immersion, StatusPro aims to give players and coaches a strategic edge, while also giving fans a chance to experience what it's like to be a professional athlete.

StatusPro has also ventured into the entertainment sector, creating first-person sports simulations for fans. This diversification not only broadens their customer base but also opens up additional revenue streams.

The startup has managed to secure funding from a mix of institutional and celebrity investors, including LeBron James, Naomi Osaka, Drake, Maverick Carter, Jimmy Iovine, and Paul Wachter. This financial backing has enabled the company to scale and further develop its unique technology.

In a significant partnership, the NFL and StatusPro are collaborating to develop the first NFL-licensed VR simulation gaming title. This partnership not only validates the company's technology but also provides a significant boost to its market presence and potential revenue.

In summary, StatusPro is a promising startup that combines VR technology with sports training and entertainment. It has a unique product offering, a strong business model, and a solid financial backing, making it a company to watch in the VR and sports industries.

Keywords: Virtual Reality, Sports Training, Gaming, Entertainment, NFL, Athlete-First Perspective, Strategic Advantage, Immersive Experience, Celebrity Investors, Technology Startup.

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