Russia-based ARena Space, which operates a chain of seven AR/VR indoor amusement parks in the country, has landed a $7.7 million funding round from a local payment processing company Rucard. ARena Space plans to use the financing to open an office in Amsterdam and build its first AR/VR park outside Russia by the end of 2018.

In addition to that, the company plans to develop “VR and AR products for the mass market,” as well as create “a fund for developers of virtual and augmented reality content and a network of new-generation VR parks in Europe and the USA,” ARena Space stated in a press release.

“Our ideal modular park includes up to 10 different zones, focused on different target audiences, and occupies from 100 to 1000 m² depending on location and type of intake,” said Andrey Taburinsky, co-founder of ARena Space.

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