Finacity, a White Oak company, completed the facilitation of a new venture debt program for Immersive Group Gaming (dba Immersive Gamebox). The new facility provides funding for the rapidly expanding operator of innovative immersive gaming experiences across the U.S. and EMEA. The first tranche discounted future receivables for an amount of $12.0 million. Additional tranches are expected to follow.
“When we started Immersive Gamebox, we set out to create a truly unique and technology-driven experience that would bring people together,” Will Dean, CEO and co-founder of Immersive Gamebox, said. “The debt financing program will allow us to reach as many people as possible around the world – families, children, team bonding, date night, you name it.”