Zed Run Developer VHS Raises $20M in Funding Round Led by TCG
The Australian company, founded in 2018, has developed a blockchain-based, virtual horse-racing game called Zed Run.
Jul 21, 2021 at 12:32 p.m. UTCUpdated Aug 21, 2021 at 6:41 p.m. UTC
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Virtually Human Studio (VHS) has raised $20 million in a Series A funding round that was led by TCG (The Chernin Group) and included venture capital firms Andreessen Horowitz and Red Beard Ventures.
- The Australian company, founded in 2018, has developed a blockchain-based, virtual horse-racing game called Zed Run.
- It will use the funds to expand its project and engineering teams.
- Game participants can buy non-fungible tokens (NFTs) representing racehorses with differing racing and breeding characteristics.
- The company has sold more than $30 million in racehorse NFTs since the product was launched in 2019.
- VHS plans to develop the game so that "players can work in professions such as stable owner, race track owner, breeder, accessory designer and more," CEO Chris Laurent said.
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UPDATE (JULY 21, 12:43 UTC) Adds game description, development plans.
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