NQ64 secures extra £2.5m growth fund
Arcade bar operator NQ64 has secured £2.5m in growth capital from ThinCats.
Arcade bar operator NQ64 has secured £2.5m in growth capital from ThinCats, supporting its plans for further expansion across the UK.
Founded in 2019 by Andy Haygarth and Matt Robson, NQ64 has grown from its original site in Manchester’s Northern Quarter to nine retro gaming bars around the country.
Backed by Imbiba, NQ64 has opened five new bars in the last 18 months. Following additional funding from ThinCats, the brand is targeting new locations in Leeds, Birmingham, Bristol, Bath, Nottingham, Reading, Belfast, Sheffield, Aberdeen and Brighton, as well as further London sites following its opening in Soho earlier this year.
"We have a great team that has enabled us to open the first nine NQ64s in a relatively short time," says Haygarth. "We are really excited about the next phase of growth. With the backing of Imbiba and our new partnership with ThinCats, we are looking forward to bringing our neon splattered drinking dens to a host of new guests. We generally now invest between £500,000 and £1m into the build of a new site."
The concept combines arcade games and classic consoles with a drinks list of craft beers, themed cocktails and sodas.