Immersive Gamebox Raises $20M in Debt Financing

Immersive Gamebox Raises $20M in Debt Financing

Interactive Gamebox: A London-based UK-based immersive gaming platform, has closed $20 million in credit financing.

Harlan Capital Partners provided the funding.

The company plans to utilize the money to allow the expansion of its website on a worldwide scale, including North America and EMEA.

Also Read: Revel Raises $50M in Debt Financing

Immersive Gamebox Raises $20M in Debt Financing

The company recently has signed over $90 million of franchise deals to establish more than 250 Gameboxes in EMEA in the coming 3 years. It is now expanding to open 100 additional stores across the globe at the end of 2023.

Jan Breens, CTO, lead the company, and Will Dean, CEO, IGB is an immersive gaming business that designs and creates interactive smart rooms, also known as “Gameboxes,” which can accommodate groups of between two and six players. The platform is equipped with projection mapping touchscreens, motion tracking, touch screens, and surround sound.

It also includes its newly-patented Lidar and 3D motion tracking, providing an immersive shared gaming experience. The company is developing a collection of original and licensed IP games developed by its own in-house development team, including the first ever life-size Angry Birds game and the Netflix highly acclaimed Squid Game.

IGB today has fifteen locations in both the US as well as Europe.

Also Read: Send Technology Solutions Raises PS9M in Series A Funding

Chris Evan was born in Dubai and raised in Montreal. He studied Computer Science and was so pleased with computer languages. He began writing after obsessing over technology.

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