Immersive game boxa London, UK-based immersive entertainment platform closed a $20 million debt financing.
Harlan Capital Partners provided the financing.
The company intends to use the funds to enable expansion of the site globally, including North America and the EMEA region.
Recently, the company signed over $90 million in franchise deals to open 250 Gameboxes in EMEA over the next 3 years and is expanding to open 100 new locations globally by the end of 2023.
Led by Will Dean, CEO and Co-Founder, and David Spindler, CFO and Co-Founder, IGB is an immersive gaming company that designs and develops interactive digital smart rooms called “Gameboxes”, which cater to groups two to six players. The platform includes technologies such as projection mapping, touchscreens, motion tracking, surround sound and its new 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 life-size game angry Birds Netflix’s award-winning game squid game.
IGB currently has 15 locations in the United States and Europe.