Backed by Formula 1® and Liberty Media, F1® Arcade is the world’s first F1® experiential hospitality brand, offering a gaming experience to simulate the thrill of F1 racing. F1® Arcade opened its first venue in London in 2022, followed by Birmingham, and in April 2024 the brand launched its first US site in Boston Seaport. As part of its roll-out plan, F1® Arcade is set to open in Washington D.C. in autumn 2024 and a flagship site in Las Vegas is set to open in 2025.
Partner Tom Macleod and senior associate Katerina Capras led the Harbottle team advising on the transaction, with support from associate Matthew Shannon and trainee Anna Traherne. Harbottle & Lewis were co-counsel on the raise with White & Case.
Adam Breeden, founder and CEO of F1® Arcade commented: “We are delighted with the outcome of this latest fundraise which will enable us to accelerate our global expansion. Building on the success we have seen for the F1® Arcade concept in both the UK and US, we are focused on building our pipeline of openings into 2026 and beyond.”
Tom Macleod commented: “We are very proud to have advised F1® Arcade on this exciting milestone. Having been involved from the company’s inception we are delighted to see F1® Arcade go from strength to strength and look forward to seeing its continued expansion both in the UK and US”.
To read F1® Arcade’s full press release, follow this link: F1® Arcade completes $130M raise – F1® Arcade (f1arcade.com)
Tom advises founders, growing entrepreneurial businesses, venture capital funds and angel investors on a broad range of corporate matters including acquisitions and disposals, exits, all forms of financing rounds (S/EIS, venture capital, venture debt, VCT, growth capital), joint ventures, corporate restructurings and share incentivisation schemes.
He is seen as a rising star in the industry and is known for combining excellent technical skills alongside a pragmatic, commercial approach. Tom has a particular focus on advising high-growth technology companies and is equally adept advising on early stage investments or later stage transactions for both investors and investees alike. Tom is also part of the firm’s international strategy group, with a particular focus on the USA.
Tom trained at CMS, before joining the corporate practice at Gibson, Dunn & Crutcher as a newly qualified solicitor. He joined Harbottle & Lewis in February 2017.
She has experience in advising on mergers and acquisitions, shareholder arrangements, early-stage fundraisings, share incentive schemes and joint ventures, with particular expertise in the media, entertainment and technology sectors and the wider creative industries.
She also has a particular interest in working with charities, social enterprises and philanthropic individuals and organisations and has extensive experience advising on charity formation, governance, regulatory compliance and corporate transactions involving charities and not-for-profit entities.
Katerina is recognised as a "Leading Associate" for M&A in The Legal 500 2025 as well as a "Key Lawyer" (The Legal 500 2025) and "Associate to Watch" (Chambers UK 2025) for her charities and not-for-profit work. She has been described as having “fierce attention to detail and vast knowledge, combined with a good dose of pragmatism.”
She is a member of the Charity Law Association.