IMMRSIV, a Singapore-based education and software company specializing in geospatial immersive media solutions, filed on Thursday with the SEC to raise up to $17 million in an initial public offering.
IMMRSIV is a Southeast Asian software company with a strong focus on education, training, and tourism. It seeks to leverage the development of AR/VR/MR solutions through its various subscription platforms LearnAR for the education and training industry, and LocoMole, a location-based experiential discovery travel mobile app that enables travelers to discover, experience, and learn about locations in Singapore. IMMRSIV also offers two publishing platforms for educators and travel providers to create their own exclusive content and educational games.
The Singapore-based company was founded in 2007 and booked $1 million in revenue for the 12 months ended June 30, 2022. It plans to list on the Nasdaq under the symbol IMSV. Prime Number Capital is the sole bookrunner on the deal. No pricing terms were disclosed.
