German VR firm HOLOGATE raises €8.3M to expand its HGXR training & simulation tech

Munich-based HOLOGATE, a media company that specialises in extended reality (XR) solutions for entertainment and enterprise, announced on Thursday that it has secured €8.3M in a Series A round of funding. The company says the funding will help in international expansion, namely in Europe and North America, as well as for new product development. The investment was co-led by new investors Bolero Holdings and Vester Partners, with participation from existing investors, including European early-stage VC firm Cherry Ventures. Cherry Ventures is an early-stage venture capital firm based in Berlin, and supports ambitious founders across Europe. It has investments in over 100 companies, including FlixBus, Auto1 Group, and Flaschenpost.