A leisure chain which aims to capitalize on the enthusiasm of the British for “competitive socialization” obtained an injection of financing of several million pounds to accelerate its growth.
Sky News understands that Spinners – which offers games such as bowling alley, crazy golf course, darts and shuffleboard – has entered into an agreement with investor Gresham House Ventures to provide new capital.
Spinners, which opened its first site in Reading in 2021, is now negotiated from three sites and says that it wants to become a chain at the UK.
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Its expansion plans reflect the growth of experiential leisure activities, with technology innovation in crazy golf course and the play of pucks that feed consumption expenses at a time when many traditional advertising operators and nightclubs are subjected to significant financial pressure.
The other companies that have raised capital to finance rapid growth include F1 Arcade, the Formula 1 simulation chain and the red engine, the group behind the electric sites.
Jamie Bylett, founder and director of Spinners, said that the funding “would allow us to accelerate our growth, and we are impatient to announce the location of New Spinners’ places in the coming months”.
Francis Ireland, partner of Gresham House Ventures, said: “With the demand for competitive socialization quickly, Spinners built a solid customer base on its existing sites.
“We believe that the company has enormous potential for continuous expansion because customers are looking for social experiences based on activity, so we are delighted to support the spinners while it continues to deploy its fantastic sites in the country.”
Gresham House Ventures is investing on behalf of venture capital trust Baronsmead and Mobeus and is part of Gresham House, the specialized alternative asset management group.
The assessment in which he made his investment of 4 million pounds sterling was not clear.