Electric Gamebox, an immersive gaming group platform, announced it had raised $11 million in a Series A2 round of financing. With those funds, total investments in the company are up to $25 million as of June 10th.
This round of funding was led by Philian. There was also some participation from Brookfield Asset Management through its Retail Revitalization program, Index Ventures, and ActivumSG.
This financing round will be used to fund the company’s bold expansion project. Electric Gamebox is aiming to open 100 new locations in the United States and the United Kingdom over the next two years. They also said they want to have over 1,000 worldwide locations by 2026.
“We are thrilled to be working with such legendary investors to accelerate our mission to bring people together through shared play; changing the way people think about video games,” said co-founder Will Dean. “We aim to elevate immersive entertainment to the next level, with 1000+ units playing 100+ games in the next 5 years. The future of retail is experiential and we can’t wait to be a part of this transformation.”
(All information was provided by PR Newswire)