Hologate VR Arcade Expansion Aided by €8.3M Investment

One of the leaders in location-based entertainment (LBE), in addition to enterprise solutions, is Hologate. With a VR network spanning 42 countries and over 450 locations, the company hopes to grow its business even further. That’s all thanks to a €8.3 million Series A funding round aiding the Hologate VR arcade expansion process.

The round was co-led by new investors Bolero Holdings and Vester Partners. With participation from existing investors, including European early-stage venture capital firm Cherry Ventures. It’ll mean Hologate can continue providing players with entertainment products and blockbuster IPs such as Ghostbusters and Angry Birds.

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Hologate LBE

“Securing this financing is a testament to the strength of our vision and the incredible value our partners see in HOLOGATE,” said Leif Petersen, CEO and Founder of 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 Hologate in 2013, providing extended reality (XR) solutions for entertainment venues. This was followed in 2020 with the creation of HGXR, a division focused on enterprise training and simulation solutions.

“When we first teamed up with Leif, Hologate was setting out — and succeeding — on an entertainment-focused vision for their XR,” Filip Dames, Founding Partner of Cherry Ventures adds. “Now, with their ability to replicate everything from the visualizations to the interactions of real-life scenarios, Hologate is helping, to start, law enforcement professionals train in intense environments with fewer resources, less risk, and greater effect.”

If you’ve not tried a Hologate VR experience yet, use this handy locator to find your nearest venue.

Have you tried location-based VR entertainment yet? There’s also Zero Latency’s new Champions of the Undead competition to consider.