Mobeus successfully sold The Boundary, a leading VR studio in the architectural industry, achieving a 2.4x MoC and a 37% IRR.

Target Information

The Boundary, a leading real-time rendering-focused virtual reality studio in the architectural industry, was initially invested in by Mobeus in May 2021. The incumbent team, comprising Tom Wood (CEO), Henry Goss (Creative Director), and Peter Guthrie (Technical Director), has been instrumental in steering the company's growth. Under Mobeus's support, The Boundary has enhanced its internal systems and developed proprietary software tools that have solidified its standing in the market.

Since the investment, The Boundary has undergone significant transformations, including the addition of senior management roles such as CFO and COO. Furthermore, the strategic appointment of Andrew McGuinness as Chair has bolstered the company's leadership team. The Boundary's profits have surged by 2.5x, and it now operates with a skilled workforce of 100 artists and developers distributed across three offices globally.

Industry Overview

In recent years, the virtual reality (VR) industry has witnessed rapid evolution, particularly in architecture, where immersive technologies are revolutionizing design and visualization. The sector is experiencing increasing