Hologate, an extended reality (XR) solutions company for entertainment and enterprise, has secured £7.1m to significantly boost its international market expansion, namely in Europe and North America, plus new product development.
The Series A is co-led by new investors Bolero Holdings and Vester Partners, with participation from existing investors, including European early-stage venture capital firm Cherry Ventures.
The investment will oversee a global expansion and growth, with a particular emphasis on Europe and North America.
Leif Petersen, CEO and Founder of Hologate commented: “This investment is a huge milestone for our company, made possible through the support of our new investors, Bolero Holdings and Vester Partners, as well as our existing investors, Cherry Ventures.
“Securing this financing is a testament to the strength of our vision and the incredible value our partners see in Hologate. This investment will propel us towards ambitious goals in this era of spatial computing, play a vital role in our plans for strategic hiring, explore new markets, innovate with new products, and ultimately supercharge our growth.
“My thanks go out to our investors and also to the extraordinary and dedicated Hologate team that made this possible.”
Petersen founded Munich-based Hologate in 2013. The company pioneers turnkey extended reality (XR) solutions for entertainment and enterprise and are the world’s largest location-based VR network, spanning 42 countries and over 450 locations.
Hologate garners the attention of 18 million players with an array of interactive and immersive entertainment products and blockbuster IPs such as Ghostbusters and Angry Birds.
Images: Hologate
