Beat The Bomb, a Brooklyn, NY-based interactive social video game company, raised $15M in Series B funding.
Backers included Otium Capital, and Conversion Venture Capital (CVC2).
The company intends to use the funds to expand across the United States, starting with Philadelphia in summer 2024. Additional openings are expected thereafter for Charlotte, Denver, Houston, and more.
Led by CEO and founder Alex Patterson, Beat The Bomb is an interactive social video game company. During the 1-hour Beat The Bomb Game, teams of 4-6 players choose from a Paint Bomb Mission or Foam Bomb Mission, put on hazmat suits, and step into a series of interactive video game rooms to earn time on a “Bomb Clock.” Each room tests a different skill, with game names like Hack Attack, Sequencer, Crypto Laser, Echo Chamber, and Cyberbot, and requires the active participation of all players on the team. In the fifth and final room, teams attempt to disarm The Bomb before their timer runs out. Failure means getting blasted in an epic explosion of paint or foam, after which the Bomb Room becomes a photo/video booth. 10% of teams win and earn Pro League Status and access to tournaments with money prizes. Losing teams can come back to re-attempt the same Mission, or play new Missions with different games, all created by Beat The Bomb’s in-house Game Studio.
Built by design-build firm ARCO/Murray, the 10,000 sq ft locations feature multiple glass-walled Bomb Rooms looking out onto The Bomb Bar, a futuristic full-service bar. For groups, locations have multiple “Game Bay” lounges for rent, which are 150 sf, 3-walled gaming zones where players can select from dozens of shorter interactive social games that include team-vs-team and free-for-all formats.
In addition to a broad customer base of kids’ birthday parties, family outings, school trips, and adult social nights out, Beat The Bomb is becoming a destination for corporate team offsite events, with a newly-created event sales department managing a client list including Amazon, Coca-Cola, Home Depot, Microsoft, Delta, PWC, Capital One, and Citibank. For companies with remote and hybrid work arrangements, the company also offers a top-rated 1-hr hosted team-building experience, Beat The Bomb Virtual, with various multiplayer Game Pack to choose from. In late 2022, Beat The Bomb also began offering STEM workshops in partnership with nonprofits such as Girls Who Code, STEM for Her, and the Michelle Obama STEM Academy.
The first location of its location-based multiplayer gaming challenge opened in 2017 in Brooklyn, New York, followed by Atlanta in 2022 and Washington, D.C. in 2023. The company has now hosted over 500,000 players from across the U.S., and the world, including thousands of corporate team outings, school groups, and non-profit organizations.
FinSMEs
06/10/2023