Stevens & Bolton has advised immersive group gaming experience, Electric Gamebox on the successful completion of a funding round, raising US$11m to support the company’s ambitious expansion across the UK and USA.
First launched in London in October 2019, by Tough Mudder founders Will Dean and David Spindler, Electric Gamebox delivers hyper-immersive gaming experiences powered by top-class technology in interactive digital smart rooms called “Gameboxes". Electric Gamebox has a mission to bring people together through shared play. There are currently three locations in the UK (London, Manchester and Essex) and one in the US (Dallas, Texas).
The Series A2 funding round included participation from Brookfield Asset Management (through its Retail Revitalization program), Index Ventures, Project A and Activum SG Capital Management, bringing the total investments in the company to over US$25m. The additional US$11m will help Electric Gamebox to contribute to the revival of retail locations post-pandemic, and support their planned expansion. Their aim is to build 100 new locations over the next two years and more than 1,000 locations by 2026.
Will Dean, CEO and co-founder of Electric Gamebox said “We are thrilled to announce the closing of our A2 fundraising round. Nick and the team have again proven invaluable in helping us reach this milestone.”
Nick Atkins, corporate partner at Stevens & Bolton commented “It has been great to work alongside co-founders Will Dean and David Spindler, and we are excited to watch Electric Gamebox grow across the UK and US.”
The team was led by Nick Atkins, and supported by Nassar Nassar (corporate), Krishna Patel (corporate), Melissa Turner (trainee solicitor, corporate) and Joshua Day (trainee solicitor, corporate).