What megaverse does

Megaverse is a Bristol-based interactive studio that designs and delivers bespoke immersive digital experiences for clients across healthcare, theatre, education, government/research and social-good sectors. Founded in 2016 (per company history) and operating with 1–10 employees, the studio combines augmented reality, virtual reality, mixed reality, real-time game-engine technology (Unreal and Unity), full-body motion capture, volumetric capture, LiDAR scanning, depth sensors and spatialised sound into custom-built projects such as VR theatre productions, AR distraction-therapy applications for paediatric care, AR global exhibitions, interactive light installations and live-streamed interactive narrative shows.

Notable technical components include a custom low-latency virtual camera monitor system, a single-gesture hand-tracked locomotion system designed for Oculus Quest, and pipelines that integrate volumetric-captured fight scenes with LiDAR-scanned environments. The studio has produced work for National Youth Theatre of Great Britain (Frankenstein, 230 audience members per show in VR — a world first), Sheffield Children's Hospital (Arctic Escape, Colourwall), Coventry University (Degree Show AR app), UK Research and Innovation (Game Changers, 2023), Goat & Monkey (We Alone VR), BBC, and Adelaide Fringe (Torrent), and has won Design Week Awards 2020, the Broadcast Tech Awards 2022 Technical Innovation in Entertainment, and the John Chataway Innovation Award.

Megaverse generates revenue exclusively through bespoke, project-based professional services engagements negotiated directly with clients — there is no templated product, no public pricing, no disclosed SaaS, licensing or recurring-revenue component. Distribution combines direct enterprise sales (commissioned projects), live performance delivery, and consumer app-store distribution for select experiences (Coventry Degree Show on App Store and Google Play). The company is privately held (Megaverse Ltd, incorporated in England), has no disclosed external funding or institutional investors, and serves markets primarily in the UK with a foothold in Australia.

Name

megaverse

Legal name

Megaverse Ltd

Website

https://megaverse.co

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Megaverse is a Bristol-based interactive studio that designs bespoke AR, VR, mixed-reality and live immersive experiences for clients in healthcare, theatre, education, research and social-good sectors.

Ownership category

akta.pro rank

Product category

Immersive Experience Design Services

NAICS

Other Amusement and Recreation Industries (7139), Amusement, Gambling, and Recreation Industries (713)

SIC

Services-Miscellaneous Amusement & Recreation (7990), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Virtual Worlds & Social Sandbox Experiences (persistent social spaces) (MPAFAIAG)

akta.pro secondary industry

Metaverse & Social Virtual Worlds (BPAMAKAF)

Keywords

• Immersive experience design
• XR development services
• Interactive studio
• Augmented reality experiences
• Virtual reality productions

Headquarters

HQ city

Bristol

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Bespoke Project Services: Megaverse develops bespoke immersive experiences for clients, working from initial concept through to delivery. Projects include VR theatre experiences, AR healthcare applications, interactive installations, and live performances with XR elements. Revenue is generated through project-based engagements with various clients.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Megaverse is an interactive studio that designs and develops bespoke immersive experiences using XR technologies (augmented, virtual and mixed reality), game engines (Unreal Engine and Unity), motion capture and volumetric capture. Each engagement is a custom-built project delivered end-to-end from initial concept through delivery, spanning VR theatrical performances, AR healthcare applications, interactive light installations, multi-dimensional live performances and free-to-play live interactive shows.

Product overview

Megaverse is an interactive studio that develops bespoke immersive experiences across multiple platforms and formats. The portfolio includes AR mobile applications (Arctic Escape, Degree Show), VR theatrical experiences (Frankenstein, We Alone), interactive light installations (Colourwall), immersive performances (Surge, Torrent), and live interactive shows (Game Changers). Each project is custom-developed for clients spanning healthcare, theatre, education, and social impact sectors.

Differentiator

Problem solved

Functional benefit

Products and services

• Arctic Escape Distraction therapy adventure application using Augmented Reality to transport children with burn injuries to the Arctic, designed to help reduce stress and anxiety before, during and after treatment at Sheffield Children's Hospital.
• Frankenstein Theatrical VR experience for the National Youth Theatre of Great Britain that takes 230 audience members per show inside the brain of Mary Shelley's monster through virtual reality headsets.
• Colourwall Large interactive wall of lights inspired by colouring books, using a hidden depth sensor to control 50 LED smart lights housed within a custom designed lightbox, designed to encourage play and provide distraction for patients and families.
• We Alone VR adventure developed in collaboration with Goat & Monkey set in dystopian rural England, featuring hand tracking for Oculus Quest, motion captured performers and interactive narrative with glowing particle text.
• Degree Show AR exhibition platform for Coventry University that transforms a phone into a virtual gallery, allowing users to access graduate work from around the world through a 'Minority Report' style AR experience featuring eight thematic rooms.
• Surge Multi-dimensional immersive performance bringing to life the lost connection with water, fusing real-time game-engine technology with live performance, spatialised sound and full body motion capture, featuring music by Anna Meredith and spoken word by Vanessa Kisuule.
• Torrent Immersive journey told through the eyes of indigenous Yankunytjatjara/Kokatha poet Ali Cobby Eckermann, combining live performance with motion capture and real-time games engine technology to bring to life the poem reflecting on pain of separation, healing power of water and search for self.
• Game Changers Free-to-play live interactive show about climate activism for UK Research and Innovation, combining game engine and live broadcast technologies streamed in real-time with audiences choosing narrative direction and interacting with characters through chat.

Quantifiable outcome

• World's first VR theatre experience - 230 audience members per show inside the brain of Mary Shelley's monster
• +4 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered minor and core.

• Pitstop ProductionsminorStrategic or Co-development PartnerCollaboration partner on the Arctic Escape project at Sheffield Children's Hospital. Pitstop Productions worked with Megaverse on this distraction therapy AR application.
• The University of Sheffield AdAMminorStrategic or Co-development PartnerAcademic partner collaborating on the Arctic Escape healthcare project. AdAM (Art, Design, and Media research group) contributed to the development of the distraction therapy application.
• Goat & MonkeycoreStrategic or Co-development PartnerTheatrical partner with whom Megaverse collaborated on the VR adventure experience 'We Alone'. Megaverse led all digital aspects while Goat & Monkey provided the theatrical storytelling, blurring lines between gaming and theatre for the fairytale narrative.
• University of LeedsminorStrategic or Co-development PartnerAcademic research partner on the Game Changers project, contributing research expertise to the climate action collective narrative.
• BBCminorStrategic or Co-development PartnerBBC VR Commissioning editor Zillah Watson provided commentary on the Frankenstein VR theatre project, indicating a commissioning relationship for VR content.

Scale indicators2 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• INVR.SPACE: UK VR content studio building immersive narrative and entertainment experiences (e.g., Doctor Who: The Runaway VR, BBC commissions). Closest direct competitor on VR theatre and broadcast immersive storytelling.
• Dotdotdash: UK immersive experience studio producing interactive installations, XR activations and live digital experiences for brands and cultural institutions. Overlaps Megaverse's arts/theatre/experiential mix.
• Marshmallow Laser Feast: London-based immersive art studio creating multi-sensory XR experiences using Unreal Engine, motion capture and real-time rendering. Direct peer in the bespoke immersive-experience space serving arts, brand and cultural clients.
• Universal Everything: UK digital art and immersive experience studio working at the intersection of art, design and technology. Comparable scale and creative-tech positioning for cultural and brand commissions.
• REWIND: UK-based XR studio delivering AR/VR experiences and immersive content for enterprise brands. Direct peer competing for similar bespoke XR commissions across entertainment, retail and cultural verticals.

Broad incumbents

• Meow Wolf: US-based large-scale immersive art company operating permanent exhibition venues. Much larger and venue-based, but competes for the same 'immersive experience' cultural-sector budgets and audience attention.
• Framestore: Major global VFX and immersive content house (Harry Potter, Marvel) with a growing XR and experiential division. Competes for high-end immersive commissions and absorbs scarce Unreal/Unity talent from small studios like Megaverse.
• Niantic: US AR platform company behind Pokémon GO and 8th Wall. Operates at much larger scale in AR experiences; overlaps Megaverse's mobile AR use cases (e.g., Coventry Degree Show) but with a platform rather than bespoke-services model.
• Disguise: UK-listed real-time production platform powering immersive live performances (e.g., ABBA Voyage, Sphere). Provides the underlying broadcast/game-engine tech stack that Megaverse integrates on its SURGE and Game Changers projects.

Emerging players

• Zappar: UK AR/WebAR platform offering tools for accessible AR experiences. Emerging competitor in the mobile-AR content layer, potentially overlapping Megaverse's AR exhibition and healthcare AR applications.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xtwitter.com/wearemegaverse
• Instagraminstagram.com/wearemegaverse
• LinkedInlinkedin.com/company/wearemegaverse

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about megaverse