Munich-based Hologate, a leading virtual reality and immersive media company, secures a remarkable €8.3 million in a Series A funding round. The capital injection aims to bolster the company's international reach, with a special focus on Europe and North America.
Since its inception in 2017, Hologate has captivated audiences with its world's largest location-based VR network, spanning 42 countries and over 450 locations. Delivering interactive and immersive experiences, Hologate has delighted over 18 million players, featuring top-tier IPs like Ghostbusters and Angry Birds.
Not content with just entertainment, Hologate expanded its horizons in 2020 by venturing into enterprise training and simulations with HGXR. Backed by PwC's research, Hologate's training solutions have proven to enhance learner focus, accelerate skill acquisition, and boost confidence in applying new skills to real-life situations.
The company's success in this domain is evident through notable adopters like the German Army and various police forces, who utilize Hologate's tech for high-risk scenario training and hands-on experiences within safe and controlled environments.
Hologate's ambitious vision is set to unfold with this strategic investment, paving the way for spatial computing advancements, exploring new markets, and revolutionizing immersive experiences. As the company sets its sights on exponential growth, the future of VR technology looks brighter than ever before.