GravityXR announced that it has received $30 million in a round of funding on August 12, 2022. The transaction included participation from 37 Interactive Entertainment Network Technology Group Co., Ltd., 5Y Capital, Beijing Zhuiyuan Venture Capital Co., Ltd., Gaorong Capital, Glory Ventures, GSR Ventures Management Co. Ltd., IDG Capital Partners Co., Ltd., Legend Capital Management Co., Ltd., Qiji Chuangtan (Beijing) Investment Management Co., Ltd., Sequoia China Investment Management LLP.