F1 Arcade Secures ￡30 Million Investment for Global Expansion
F1? full-motion simulator racing experience and Tileyard residents F1? Arcade has secured ￡30M in an investment round to aid in its global expansion plans.
F1 Arcade, the immersive entertainment venue, has recently announced securing a significant investment of ￡30 million to fuel its global expansion initiatives. Led by Formula One and Liberty Media, the funding round garnered support from prominent investors, including McLaren Racing chief executive Zak Brown, as well as drivers Lando Norris and Logan Sargeant.?
With ambitious plans to establish multiple venues across Europe, the Middle East, Australia, the United Kingdom, and the United States, F1 Arcade is poised to become one of the most sought-after experiential hospitality brands worldwide. Following the success of its first London location, F1 Arcade is now preparing to launch in Birmingham later this year, before F1 Arcade goes stateside for the first time in Boston in early 2024. The funding will play a pivotal role in supporting the company's ambitious goal of opening over 30 locations worldwide by the end of 2027.?
Adam Breeden, Chief Executive and Founder of F1 Arcade said:
“Not only do we have an exceptional business model and product, but we are excited about the power of the F1 Arcade brand, its appeal to international audiences as well as potential partners around the world.
“Given the success of the first location and its appeal to such a diverse audience, we believe F1 Arcade has the potential to become one of the most sought-after experiential hospitality brands globally. For now, we are eagerly anticipating the opening of Birmingham UK in late 2023 and our first US site in Boston in early 2024 as well as announcing further locations imminently.”
Find out more about F1 Arcade here:?