Immersive Gamebox, a London, UK-based immersive entertainment platform, closed $20m in debt financing.
Harlan Capital Partners provided the financing.
The company intends to use the funds to enable site expansion on a global scale including North America and EMEA.
Recently, the company signed over $90 million in franchise deals to open 250 Gameboxes in EMEA over the next 3 years and is scaling up to open 100 new locations globally by the end of 2023.
Led by Jan Breens, CTO, and Will Dean, CEO, IGB is an immersive gaming company that designs and develops interactive digital smart rooms called ‘Gameboxes’, which cater to groups of two to six players. The platform features technologies, including projection mapping, touch screens, motion tracking, surround sound, and its newly patented Lidar and 3D motion tracking to deliver a hyper-immersive shared gaming experience. The company has a growing library of licensed and original IP games created by its in-house studio, including the first-ever lifesize Angry Birds game and Netflix’s award-winning Squid Game.
IGB currently has 15 locations across the US and Europe.