The investment round was led by Ontario Teachers' Pension Plan Board with participation from Index Ventures and Balderton Capital.
"Ontario Teachers' deep experience and credibility with global financial institutions made them a natural choice to lead the round,"
The funding round was backed by Brookfield Asset Management, Index Ventures, JamJar, and Project A to support expansion across the UK and US.
"We are thrilled to be working with Brookfield to accelerate our expansion furthering our mission to reinvent how consumers interact with video games. We aim to be the Netflix of Immersive Entertainment, with 1000+ units playing 100+ games in the next 5 years – working with real estate leaders like Brookfield brings us one step closer to achieving this."
EQT Ventures led the Series A round to help fund expansion into new communities such as menopause support.
"Lyle's unprecedented experience of building and scaling community-focused products will be vital as we undertake our next stage of growth in raising the bar in terms of product excellence as we enter new communities beyond fertility and motherhood"
Project A and Index Ventures co-led the Series A round to support geographic expansion and technological development.
"We firmly believe that digitally-enabled experiences will develop into a leading category in the entertainment space. eT has created a truly unique approach that has been very well received by initial customers. We are very happy to back this incredible team."
Index Ventures led the Series A financing, which will support Cutover in scaling its sales organisation and enhancing product capabilities.
"This new category of work orchestration and observability helps turn complex sets of human and machine activities into well-orchestrated, repeatable flows of activity, enabling teams to go faster while causing less customer-facing incidents,"
