Doha venture Capital participates in Cityneon’s $235 Million Funding


Qatar-based Doha Venture Capital has participated in a $235 million funding round for Singapore-based exhibition entertainment experience provider Cityneon. The round, which was led by Cityneon’s existing investors including Singapore’s Pavilion Capital, Ron Tan, Cityneon’s executive chairman and Group CEO, as well as EDBI, also saw backing from Seatown Holdings, along with other financial institutions and family offices in Singapore and China. The company has recently acquired the licensing rights for a global touring exhibition inspired by James Cameron’s Avatar. Cityneon will debut a multi-sensory Avatar exhibition in China in May 2021. Cityneon will use the proceeds for capital expenditure that includes building more of its various intellectual property (IP) exhibition sets. Cityneon plans to launch in more than 50 cities by the end of this year, welcoming 10 million unique visitors across the world by 2022.