EVA receives over 35 million euros for VR gaming expansion in Germany

The French entertainment startup Esports Virtual Arenas (EVA) has closed a financing round of more than 35 million euros. The round was led by RAISE Invest. EVA intends to use the fresh capital to accelerate its international expansion, expand its network of locations, particularly in Germany, and develop new gaming experiences.

Focus on Germany and Spain

EVA currently operates more than 70 locations in ten countries. The network is set to grow to over 100 locations by the end of 2026. The strategic focus is on Germany and Spain. Plans include new locations in Krefeld, Granada and Barcelona. Existing arenas are located in Cologne, Unna, Madrid and Málaga, among others.

VR gaming meets physical experience

EVA's business model combines virtual reality with physical experiences in large indoor arenas. Users move freely in gaming areas of up to 500 square meters and immerse themselves in virtual gaming worlds at the same time. In addition to the existing offering, EVA is also driving the development of new games.

A key product is "EVA KARTING GP", a virtual reality karting game that combines real drift karts with virtual racing environments. The game was presented for the first time at Paris Games Week 2025 and is set to be available nationwide by the end of 2026. The company is also planning further, more family-oriented games.

Strong community and own e-sports league

EVA has already reached over one million users. A community with more than 10,000 active players has developed around the "EVA BATTLE ARENA" game. The company has also launched its own professional e-sports league, the EVA Pro League, which brings together several European teams.

The team has created its own category in which gaming meets social entertainment. The product and the gaming experience are exceptional

Vincent Sauzay, Partner RAISE Invest

With RAISE Invest, EVA not only gains capital, but also strategic support. The investor specializes in high-growth companies and contributes expertise in the areas of data analysis and financial structuring.

EVA is positioning itself as a provider of a new category between gaming and social leisure. In the long term, the company is aiming for a leading role in Europe - with the prospect of expansion into the USA and Asia.