Missed a GamesBeat Summit Next 2022 session? All sessions are now available for viewing in our on-demand library. Click here to start watching.
Immersive Gamebox has raised $20 million in funding for its arcade product and a new technology patent. IGB plans to open 250 locations in EMEA (Europe, Middle East and Africa) over the next three years and open 100 locations globally by the end of 2023. Funding was provided by Harlan Capital through debt financing.
“When we started Immersive Gamebox, we set out to create a unique technology-driven experience that would bring people together through shared gameplay,” said David Spindler, Immersive Gamebox CFO and co-founder, in a press release. “The debt financing from Harlan Capital will allow us to open many more locations globally, accelerating our already rapid growth and bringing the IGB experience to millions of players.”
Gameboxes are projection game rooms for two to six players. Once in the room, the games are projected on the walls around the group. Players manipulate their environment with their bodies using specialized motion tracking and Lidar software. Available games include a number of internal programs, as well as life-size Angry Birds and Squid Game.
However, not all the news refers to the opening locations. Immersive Gamebox has received a patent for its new touch screen system. This new system aims to make an even more immersive experience for players.
“As a leading provider of non-dilutive growth financing, Harlan Capital is pleased to join Will Dean and the IGB team on their journey to open more than 100 locations around the world, while expanding their library of immersive games,” said Josh Harlan, managing partner at HarlanCapital. “IGB is a truly unique concept with broad consumer appeal, proprietary technology and great growth potential.”
GamesBeat’s Creed covering the games industry is “where passion meets business.” What does this mean? We want to tell you how news matters to you, not just as a decision maker at a game studio, but as a game fan as well. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy being involved. Discover our informative sessions.