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iiRcade, the Ultimate Home Arcade Machine, Closes $5.5M Seed Investment Round
iiRcade Inc., the ultimate connected arcade machine for gamers of all ages to own and play their favorite retro and modern arcade games at home, is pleased to announce the closing of $5.5 million dollar seed investment round from Gauss Capital Management and Mirae Asset Venture Investment.
The investment round is led by Gauss Capital Management, who is based in South Korea and currently in the process of launching a United States venture capital arm, along with participants that include Mirae Asset Venture Investment, one of the largest venture capitalist firms in South Korea.
“As we are preparing to launch a US venture capital arm to focus our investments in US based companies like iiRcade, we feel so fortunate to have the opportunity to lead the investment of such an amazing company,” said Haeseon Choi, CEO of Gauss Capital Management. “With their technology and innovation, we strongly believe that iiRcade will change how we play games in the home arcade space. We are fully committed to supporting iiRcade to making their vision a reality.”
iiRcade enables playing nostalgic retro arcade games as well as modern games transformed into arcade games with both online and offline multiplayer gaming, on a premium arcade cabinet.
“We are very grateful to have the support from Gauss Capital Management and Mirae Asset Venture Investment,” said Jong Shin, founder & CEO of iiRcade. “We thank them for sharing our vision and look forward to working with them both.”
iiRcade recently announced its first round of retail partners that include Amazon, b8ta and Touch of Modern, while partnerships with gaming developers and publishers such as SEGA, Arc System Works, Digital Leisure, ColecoVision and Psikyo have also been announced in recent months; leading to a growing library of 200+ licensed games.
Unlike other arcade devices, iiRcade is not limited to a few pre-loaded games, new games can be purchased and downloaded via the iiRcade store and software upgrades will also be made available to the platform.
iiRcade allows for cinematic arcade gaming experiences via 19” High Definition display, 100W of powerful Stereo Sound, premium arcade controllers and the hardware and software that’s optimized for gaming. iiRcade also has modern features built-in, such as WiFi 5, Bluetooth 4.2 and HDMI Out, that bring the arcade experience to the modern world.
In addition to the original design, iiRcade is also available in two premium editions, Dragon’s Lair Edition with Dragon’s Lair cabinet graphics and Black Edition that enables users to design his/her own cabinet graphics and comes with officially licensed Double Dragon stickers as a free gift. Both premium editions come with upgraded 128GB storage memory and original Sanwa joysticks.
Each iiRcade cabinet is pre-loaded with 11 titles including: Dragon’s Lair, Double Dragon, Gunbird, Beach Buggy Racing, BombSquad (online game), Snowboard Championship, Thunder Hoops, Power Balls, Maniac Square, Twin Brats and Fancy World.
For more information and to pre-order iiRcade, visit iiRcade.com
iiRcade is the ultimate connected arcade product for your home. Created by gamers for gamers, iiRcade integrates solutions that us gamers have always dreamed of. Immersive arcade gaming for home, legally licensed games with the real arcade experiences that we grew up with, not having to purchase more cabinets every time we want a new arcade game, small enough for homes yet big enough for comfortable game playing, never-before-seen experiences, affordable arcade gaming. iiRcade solves all these problems and provides the ultimate arcade solution that enables anyone to own the entire arcade at home.