# Elektraglide

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/elektraglide

- Industry: Software
- Headquarters: Surrey, UK
- Website: www.polystream.com
- Total disclosed funding: $14M
- Latest round: Series A (Mar 18, 2019)
- Investors on record: 5

## About

Elektraglide Ltd is an innovative company focused on delivering advanced command streaming technology that enhances immersive 3D experiences within the metaverse.Founded in 2012 and headquartered in Surrey, UK, Elektraglide Ltd specializes in immersive 3D technology. The company was acquired in January 2022 by Mythical Games, Inc. from previous investors including Intel Capital and Lauder Partners. CEO Bruce Grove leads the firm, which has completed 4 funding deals, with the latest being a Series A round of GBP 9.160 mn, raising a total of GBP 9.160 mn and achieving a current valuation of GBP 37.521 mn.Polystream specializes in advanced command streaming technology designed to facilitate immersive 3D experiences within the metaverse. Their core platform enables users to access high-quality 3D content instantly without the extensive downloads typically required for traditional gaming. This technology empowers both gamers and non-gamers to engage effortlessly with a range of interactive applications, from gaming to social interaction. The primary end-users include consumers seeking seamless interactive entertainment and developers looking to leverage the metaverse for innovative applications. Polystream's services are marketed globally, particularly in digitally advanced regions that prioritize immersive technology, such as North America, Europe, and parts of Asia.Polystream generates revenue through partnerships and collaborations with various stakeholders in the gaming and tech industries. The company’s business model includes direct-to-consumer transactions, where users access its platform for interactive experiences, as well as B2B services aimed at gaming developers and content creators. The revenue structure involves subscription models for access to the platform and licensing agreements for the use of its proprietary technologies, such as the Fantom Spectator Engine. Specific pricing plans for these services cater to a wide range of users, from casual consumers to enterprise-level clients, reflecting the scalability and versatility of Polystream's offerings in the evolving metaverse landscape.Elektraglide Ltd aims to leverage its recent funding to develop new products and enhance its technology offerings, with an emphasis on expanding into additional markets in Europe and Asia by 2023. The recent acquisition by Mythical Games, Inc. will support these initiatives, potentially opening doors for collaborative projects and innovative developments in the metaverse. The company's strategic focus is on enhancing user experiences and reaching new customer segments globally.

## Funding rounds

- Series A, Mar 18, 2019, $12M — Intel Capital, Lauder Partners, London Venture Partners, Initial Capital, Wargaming
- Seed, Apr 19, 2016, $1.5M — London Venture Partners, Initial Capital
- Seed, Dec 24, 2014, $0.2M — London Venture Partners

## Investors

- London Venture Partners (https://capitalatlas.ai/funds/london-venture-partners) — Seed, Series A
- Initial Capital — Seed, Series A
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series A
- Lauder Partners — Series A
- Wargaming — Series A