We have reached the third part of our TECH ENTERTAINMENT podcast series covering Virtual Reality workouts today as we uncover which investors are supporting various segments of focus. According to a report by Grand View Research, global Virtual Reality in the fitness market was valued at USD 249.0 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 30.2% from 2021 to 2028.

Skip to: 00:06 Investor Support and Funding.

VR and fitness-related startups have attracted significant venture capital investments. In 2021, VR fitness company Supernatural raised $30 million in a Series B funding round led by venture capital firm Lightspeed Venture Partners. For Corporate Investments, Facebook’s subsidiary Oculus has invested in VR fitness platforms, such as FitXR, which raised $6.3 million in a funding round led by Hiro Capital and Maven Capital Partners.

Skip to: 02:00 Market Growth and Investment Opportunities.

Data from the VR Fitness Insider survey suggests that VR workouts can provide higher calorie burn compared to traditional fitness activities. For example, Beat Saber, a popular VR rhythm game, was found to burn an average of 6.18 calories per minute, comparable to intense cardio activities.

Explore investor support, market growth, and the immense ethical potential of VR workouts in the tech entertainment industry, if deployed in defined parameters.