# PanIQ Entertainment

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/paniq-entertainment

- Industry: Travel & Leisure
- Headquarters: Los Angeles, US
- Website: www.paniqescaperoom.com
- Total disclosed funding: $0.9M
- Latest round: Seed (Jul 27, 2018)
- Investors on record: 1

## About

PanIQ Entertainment offers immersive live escape room experiences designed to engage participants through challenging puzzles and storytelling. Their unique setups cater to families, corporate teams, and social events across various locations globally.Founded in 2014 in Los Angeles, US, PanIQ Entertainment specializes in immersive escape room experiences. The company was co-founded by Patrik Horváth and Ákos Gábossy, who previously had experience in entertainment and hospitality. PanIQ has pivoted to a franchise model since 2017 and has secured a SEED funding round in July 2018, raising EUR 0.79 million from Hiventures, along with a total amount raised of EUR 0.79 million.PanIQ Escape Room specializes in providing immersive live escape room experiences, serving a diverse clientele that includes families, youth groups, corporate teams, and social gatherings. Established in 2014 and franchised since 2017, the company’s core offerings feature a variety of themed escape room adventures designed to challenge participants with intricate puzzles, hidden passageways, and engaging storylines. Each escape room is uniquely crafted, incorporating advanced technology and professional design elements that enhance the overall customer experience. These activities are tailored to foster teamwork and communication, making them an ideal choice for team-building exercises or recreational outings. PanIQ Escape Rooms are currently operational across multiple geographical markets, including major cities such as Atlanta, Chicago, Las Vegas, and Miami Beach, as well as international locations like Budapest and Islamabad.The revenue structure of PanIQ Escape Room is primarily based on direct-to-consumer transactions, where customers pay for individual escape room bookings. These bookings typically involve a set fee per group, allowing for a private experience that accommodates various group sizes. This pricing model is designed to provide an engaging experience while ensuring that the rooms remain accessible to a broad audience. In addition to their flagship escape room experiences, the company may diversify its revenue through potential partnerships and franchise opportunities, which could enhance its market presence. Overall, PanIQ Escape Room focuses on creating memorable entertainment experiences that not only drive customer satisfaction but also contribute to steady revenue generation through their well-defined service offerings.With the recent SEED funding of EUR 0.79 million raised in July 2018, PanIQ Entertainment is positioned to enhance its operational capabilities. Future plans include the development of new escape room themes and experiences, with anticipated releases in the upcoming year. Additionally, the company aims to expand into new markets, specifically targeting cities in Europe and Asia by 2025, leveraging the latest funding to support these expansions and product launches.

## Funding rounds

- Seed, Jul 27, 2018, $0.9M — Hiventures

## Investors

- Hiventures (https://capitalatlas.ai/funds/hiventures) — Seed