Gaming / esports VR multiplayer platform – Unity engineering agency based in the UK
Brighton, UK based agency team who are experts in Unity development, founded in 2015. A full-time team of 8 including CEO, CTO, Principal, Senior Dev, Dev, UI dev, PM, QA. The company has been building its own VR technology stack since 2017, for the creation of multiplayer, multi-device environments. Building environments and experiences that in real life are physically impossible or prohibitively expensive has been their passion for the last 7 years. The core stack has been used in recent product launches for Entain / Ladbrokes and was used as part of a UK based esports consortium which received £7m in funding as part of the UK Industrial Strategy “Audience of the Future” program. As part of the esports consortium, the company spun out its own IP which can be used to build the future of audience experiences. A bespoke version of the company's VR IP has been greenlit to build a facility for TEAM GB at the Paris 2024 Olympics for which they are currently fundraising. The agency has also delivered a number of training programs for high-risk, high-value industries. The company has retained licenses for the use of their VR platform to the value of £25K annually. Subject to the nature of the deal and the acquisition partner the senior management and founders would stay with the business.
Key Figures
Status:
Live
Asking Price:
$1,750,000
Revenue:
$849,997
EBITDA:
$124,998
EBITDA Multiple:
15.00x
Year Established:
2015
Location:
Revenue (USD)
EBITDA (USD)
Revenue Source (%)
Retainer: 90.00%
Project: 10.00%
Service Source (%)
Content for training: 25%
VR / AR development: 75%
Client Profile (%)
B2B: 90.00%
B2C: 10.00%
Industries Served (%)
Gaming: 60%
Retail: 20%
Automotive: 10%
Airlines: 5%
Marketing Services: 5%
Additional Information
The business has won multiple awards including, International Airport Awards 2017 for our training applications and a number of Innovate UK and UK Industrial Strategy awards.
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3
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5
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6
Due Diligence
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7
Closing
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