Sandbox VR Ranks No. 129 on the 2024 Inc. 5000 List
2024年8月13日 - 8:00PM
ビジネスワイヤ(英語)
With Three-Year Revenue Growth of 508
Percent, Sandbox VR Ranks No. 129 Among America’s Fastest-Growing
Private Companies
Inc. revealed today that Sandbox VR ranks No. 129 on the 2024
Inc. 5000, its annual list of the fastest-growing private companies
in America. The prestigious ranking provides a data-driven look at
the most successful companies within the economy’s most dynamic
segment—its independent, entrepreneurial businesses. Microsoft,
Meta, Chobani, Under Armour, Timberland, Oracle, Patagonia, and
many other household-name brands gained their first national
exposure as honorees on the Inc. 5000.
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“I’ve always loved gaming and when I couldn’t find the VR
experience I’d dreamed of—one that was immersive, active, and
social—I decided to build it,” said Steve Zhao, Founder and CEO of
Sandbox VR. “I believed in my vision and my team so strongly that I
invested my entire life savings to make it happen. Today, we have
50 locations globally, a robust franchise program, and ambitious
expansion plans. We are truly honored to be ranked 129 on the 2024
Inc. 5000 and look forward to continued growth.”
The Inc. 5000 class of 2024 represents companies that have
driven rapid revenue growth while navigating inflationary pressure,
the rising costs of capital, and seemingly intractable hiring
challenges. Among this year’s top 500 companies, the average median
three-year revenue growth rate is 1,637 percent. In all, this
year’s Inc. 5000 companies have added 874,458 jobs to the economy
over the past three years.
For complete results of the Inc. 5000, including company
profiles and an interactive database that can be sorted by
industry, location, and other criteria, go to www.inc.com/inc5000.
All 5000 companies are featured on Inc.com starting Tuesday, August
13, and the top 500 appear in the new issue of Inc. magazine,
available on newsstands beginning Tuesday, August 20.
“One of the greatest joys of my job is going through the Inc.
5000 list,” says Mike Hofman, who recently joined Inc. as
editor-in-chief. “To see all of the intriguing and surprising ways
that companies are transforming sectors, from health care and AI to
apparel and pet food, is fascinating for me as a journalist and
storyteller. Congratulations to this year’s honorees, as well, for
growing their businesses fast despite the economic disruption we
all faced over the past three years, from supply chain woes to
inflation to changes in the workforce.”
Sandbox VR is the world's premier destination for premium,
location-based virtual reality games. The company has created the
world’s most immersive full-body VR platform and boasts exclusive
games, including original and branded experiences, such as Squid
Game Virtuals, created in collaboration with Netflix. Now operating
in 50 locations and attracting over 100k players monthly, Sandbox
VR is rapidly growing its global footprint with thriving
corporate-owned locations and a robust franchising program. The
company has been recognized as one of Fast Company’s 2024 Most
Innovative Companies. Sandbox VR is headquartered in San Francisco,
California with offices in Hong Kong and Vancouver. The company’s
latest round raised over $37 million from investors including
Andreessen Horowitz, Alibaba Entrepreneurs Fund, Gobi Partners, and
Craft. Individual investors include Justin Timberlake, Katy Perry,
Kevin Durant and Will Smith.
More about Inc. and the Inc. 5000
Methodology
Companies on the 2024 Inc. 5000 are ranked according to
percentage revenue growth from 2020 to 2023. To qualify, companies
must have been founded and generating revenue by March 31, 2020.
They must be U.S.-based, privately held, for-profit, and
independent—not subsidiaries or divisions of other companies—as of
December 31, 2023. (Since then, some on the list may have gone
public or been acquired.) The minimum revenue required for 2020 is
$100,000; the minimum for 2023 is $2 million. As always, Inc.
reserves the right to decline applicants for subjective reasons.
Growth rates used to determine company rankings were calculated to
four decimal places.
About Inc.
Inc. Business Media is the leading multimedia brand for
entrepreneurs. Through its journalism, Inc. aims to inform,
educate, and elevate the profile of our community: the risk-takers,
the innovators, and the ultra-driven go-getters who are creating
our future. Inc.’s award-winning work achieves a monthly brand
footprint of more than 40 million across a variety of channels,
including events, print, digital, video, podcasts, newsletters, and
social media. Its proprietary Inc. 5000 list, produced every year
since its launch as the Inc. 100 in 1982, analyzes company data to
rank the fastest-growing privately held businesses in the United
States. The recognition that comes with inclusion on this and other
prestigious Inc. lists, such as Female Founders and Power Partners,
gives the founders of top businesses the opportunity to engage with
an exclusive community of their peers, and credibility that helps
them drive sales and recruit talent. For more information, visit
www.inc.com.
For more information on the Inc. 5000 Conference & Gala, to
be held from October 16 to 18 in Palm Desert, California, please
visit http://conference.inc.com/.
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Dacyl Armendariz Whipsmart Communications
sandboxvr@whipsmartpr.com 512.944.0944