iiRcade, Inc.

iiRcade, Inc. specializes in innovative arcade gaming solutions, merging classic gaming experiences with modern technology through their flagship product, the iiRcade machine, appealing to a diverse audience of gamers and arcade enthusiasts. iiRcade, Inc. was founded in 2019 in Skokie, US, focusing on delivering a unique arcade gaming experience.

The company has participated in two deals, with the latest funding round being a Seed round, where it secured USD 5. 5 mn on October 20, 2020, led by GAUSS CAPITAL MANAGEMENT and supported by Mirae Asset Venture Investment. The company was founded by Minshik Roh, who brings experience from previous ventures. iiRcade offers a unique blend of arcade gaming solutions that integrate retro gaming experiences with modern technology.

Their flagship product, the iiRcade machine, allows users to play a variety of classic arcade games through a custom-built cabinet equipped with advanced hardware and software capabilities. The iiRcade machine features a high-definition display and a user-friendly interface that caters to both nostalgic gamers and new users, providing access to an extensive library of games. The primary customers for iiRcade include individual gamers, arcade enthusiasts, and retail establishments looking to enhance their entertainment offerings. The company positions its products in key markets, notably in North America and select regions in Europe, where there is a significant demand for retro gaming and arcade experiences.

iiRcade generates revenue through direct sales of its gaming machines and associated software content. Customers purchase the iiRcade units, which may be supplemented by subscription fees for access to additional game titles and updates. The transaction structure typically involves direct-to-consumer sales, allowing buyers to interact with the brand via online platforms. Furthermore, partnerships with game developers may enhance the product offerings, introducing exclusive titles that drive customer interest and retention.

While specific pricing plans for the iiRcade machines and subscription services are integral to the revenue model, these details are proprietary and contribute to the overall financial framework of the company. In the future, iiRcade plans to expand its product lineup with new gaming titles and arcade machines tailored to market demand. The company aims to penetrate additional markets in Europe and Asia by 2023, leveraging the recent Seed funding of USD 5. 5 mn raised in October 2020 to invest in product development and marketing initiatives.

This strategic funding will enable iiRcade to strengthen its presence in existing markets while exploring new opportunities to attract a broader customer base.