The Dream Corporation has secured $1.1 million of investment to introduce a new leisure and hospitality concept with immersive entertainment at its heart.

The investment is led by Imbiba, a specialist investor in the UK leisure and hospitality sector via the Imbiba Leisure EIS Fund, and is supported by tech angel investors, with growth plans across major UK cities.

The funding will enable the team, led by alumni from McKinsey, Oval Space and Milk & Honey, to build exclusive virtual reality experiences. The first of these is to be installed in OTHERWORLD, a permanent site scheduled for opening in Haggerston, East London, mid-2019.