Harbottle & Lewis has advised F1® Arcade on its $130 million growth financing raise.

Backed by Formula 1® and Liberty Media, F1® Arcade is the world’s first F1® experiential hospitality brand, offering a gaming experience to simulate the thrill of F1 racing. F1® Arcade opened its first venue in London in 2022, followed by Birmingham, and in April 2024 the brand launched its first US site in Boston Seaport. As part of its roll-out plan, F1® Arcade is set to open in Washington D.C. in autumn 2024 and a flagship site in Las Vegas is set to open in 2025.

Partner Tom Macleod and senior associate Katerina Capras led the Harbottle team advising on the transaction, with support from associate Matthew Shannon and trainee Anna Traherne. Harbottle & Lewis were co-counsel on the raise with White & Case.

Adam Breeden, founder and CEO of F1® Arcade commented: “We are delighted with the outcome of this latest fundraise which will enable us to accelerate our global expansion. Building on the success we have seen for the F1® Arcade concept in both the UK and US, we are focused on building our pipeline of openings into 2026 and beyond.”

Tom Macleod commented: “We are very proud to have advised F1® Arcade on this exciting milestone. Having been involved from the company’s inception we are delighted to see F1® Arcade go from strength to strength and look forward to seeing its continued expansion both in the UK and US”.

To read F1® Arcade’s full press release, follow this link: F1® Arcade completes $130M raise – F1® Arcade (f1arcade.com)