What stage is the project at? What are your current results?
A year ago, we gathered a team of game specialists and VR enthusiasts and launched VR Inn.
The first seed round for product development was acquired in March 2018 in the amount of $70K – raised by an angel investor and Giorgi himself. The second round came in April 2019 by angel investors, calculating another $100K.
We believe that to give more momentum to the development of LBE VR market worldwide, we need to support small businesses who want to be part of the location-based VR network. Thus, we built a franchise package that allows SMB to launch full-body VR locations from scratch on a very short notice.
Our first franchise package was sold in August 2019. We’ve launched our first location in Kyiv, which we now use as a display and learning case. We even managed to sell 50 tickets to the location prior to the opening date. We are now polishing the marketplace itself, and we have one game fully developed, and another in progress.