Statespace Raises $15M Series A Investment to Expand its Team

On Friday, gaming performance analytics company Statespace announced that it had raised a $15M USD Series A investment led by Khosla Ventures bringing the company’s total raised funds to $19M. Several of the company’s existing investors also participated in the financing round, such as FirstMark Capital, Lux Capital, and Expa; in addition to new investor June Fund.

Statespace was founded by a group of neuroscientists from New York University and launched its first product, first-person shooter practice tool Aim Lab, in 2017. The company revealed in a release that it plans to use the investment proceeds to further grow its team, which has doubled since its $2.5M seed investment in August 2019.

In addition to its Aim Lab product, the company is working on an esports academy in collaboration with online learning platform Masterclass, partnered with the Pro Football Hall of Fame to develop the “Cognitive Combine,” and applied for a grant alongside several universities to work on a commercial application for stroke rehabilitation. According to Wayne Mackey, Statespace’s CEO and co-founder, 2M users have registered to use the company’s services to date, while reaching 500K monthly active users recently.

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