Since its founding in 2013, Munich-based company Hologate claims to have equipped over 450 venues in 42 countries with its XR technology. Over 18 million players have since immersive entertainment products The startup's products are used for a wide range of applications. These include XR versions of mini golf and escape rooms, as well as various simulators and computer games, some based on well-known brands like Ghost Busters. Since 2020, Hologate has also been offering HGXR, a solution for companies that can simulate training situations, for example, for police or the military.
Hologate has now successfully completed its Series A financing round, raising €8.3 million. Bolero Holdings and Vester Partners, both new investors in the Startup are leading the round. Existing investors such as Cherry Ventures are also participating again. The fresh funds will primarily be used for further growth, product development, and new employees. The company also plans to focus even more on AI to enable realistic and authentic interaction with virtual humans.
Investors praise Hologate
Leif Petersen, CEO and founder of Hologate, says:
"Securing this funding is a testament to the strength of our vision and the incredible value our partners see in Hologate. This investment will propel us toward ambitious goals in this era of spatial computing, play a key role in our strategic hiring plans, enter new markets, innovate with new products, and ultimately accelerate our growth. My thanks go to our investors and also to the exceptional and dedicated Hologate team who made this possible."
Filip Dames, founding partner of Cherry Ventures, explains:
"When we first partnered with Leif, Hologate had an entertainment-focused vision for its XR—and it succeeded. Now, with its ability to replicate everything from the visualizations to the interactions of real-world scenarios, Hologate is helping law enforcement agencies train in intense environments with fewer resources, less risk, and greater impact."
And Robert Zipp, Head of Bolero Holdings, commented:
"We are delighted to have co-led this funding round, demonstrating our strong belief in the immense potential of extended reality technology. Its remarkable applications in entertainment, training, and simulation captivated us from the moment we experienced it firsthand. We look forward to contributing to Hologate's growth in this incredibly innovative sector and taking the company to the next level."
