# Virtually Human Studio

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/virtually-human-studio

- Industry: Travel & Leisure
- Headquarters: Sydney, Australia
- Website: www.vhslab.com
- Total disclosed funding: $20M
- Latest round: Series A (Jul 27, 2021)
- Investors on record: 5

## About

Based in Australia, Virtually Human Studio specializes in digital horse racing through its innovative platform, ZED Champions, allowing users to breed, own, and race virtual horses in a skill-based environment.Founded in 2019, Virtually Human Studio operates from Sydney, Australia, focusing on the digital gaming sector. The company was established by Chris Ebeling, Guido Jongen, Long Do, and Rob Salha. Under the leadership of CEO Chris Laurent, it has completed three funding deals, with the most recent being a Series A round on July 27, 2021, raising AUD 27.20 million led by TCG, alongside investors such as Andreessen Horowitz, Pizzo Pty. Ltd., Red Beard Holdings, LLC, and returning investor Unikrn. The total amount raised by the company to date is AUD 27.20 million, resulting in a current valuation of AUD 148.55 million.Virtually Human Studio primarily operates in the digital horse racing sector through its flagship offering, ZED Champions. This platform enables users to own, breed, and race virtual horses, where every race presents an opportunity for users to advance in rankings and earn rewards. Spectators can engage through ZED Picks, tracking performance and analyzing racing data to make informed predictions prior to each race. Races commence every 80 seconds, fostering a dynamic environment with participants from North America, Europe, and parts of Asia.Virtually Human Studio generates revenue through transactions on the ZED Champions platform, where users partake in activities such as purchasing, breeding, and racing horses, as well as betting and predictions through ZED Picks. Revenue is derived from direct interactions with users and potential partnerships within the gaming and entertainment sectors, capitalizing on the marketplace created by digital asset ownership and competitive play.In July 2021, Virtually Human Studio raised AUD 27.20 million in Series A funding, which will be utilized to expand its project and engineering teams to further enhance ZED Champions. The company plans to develop new products and features and is looking to penetrate new markets. The specific geographical regions targeted for expansion include emerging markets in Asia and Europe, aiming to establish a broader user base by the end of 2022.

## Funding rounds

- Series A, Jul 27, 2021, $20M — Andreessen Horowitz, TCG, Unikrn, Red Beard Holdings, LLC, Pizzo Pty. Ltd.

## Investors

- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A
- TCG (https://capitalatlas.ai/funds/tcg) — Series A
- Unikrn — Series A
- Red Beard Holdings, LLC — Series A
- Pizzo Pty. Ltd. — Series A