1839 Capital Establishes 1839 Labs and Successfully Completes $8.0MM Equity Raise
PRESS RELEASE / FOR IMMEDIATE RELEASE: 1839 Capital, Inc., a boutique global investment firm, announces today the establishment of 1839 Tech, LLC d/b/a 1839 Labs which aims to leverage leading-edge technologies in its mission to create entertainment and hospitality ecosystems that elevate the experience of fans, spectators and guests within sporting venues and other mixed-use real estate projects around the globe. JP Bonin, President & CEO of 1839 Labs, brings over 20 years of expertise in IoT development strategies, digital innovation, and large-scale systems design. He stated, “Through advanced integrations and the use of innovative technologies surrounding Artificial Intelligence, AR/VR/XR, Advanced Analytics and Cloud-computing, we are rapidly changing the landscape of commercial property development at every angle. Keenly focusing on sustainability, data privacy, and cyber security, my team and I strive to provide product solutions and services that reduce operational costs and carbon emissions, while increasing occupant satisfaction, productivity, and overall shareholder property value. We will be implementing our operations to integrate these new technologies into both the track and Resort, and Tower thereafter. “
Additionally, in conjunction with the launch of 1839 Labs, 1839 Capital, LLC successfully closed its first round of $8.0MM in funding to complete the acquisition of its 10% equity position in the Balaton Gate Entertainment Resort. The Balaton Gate Entertainment Resort project is a fully integrated 2,480-room Resort strategically positioned next to a state-of-the-art F1-compliant racetrack in the heart of the Lake Balaton entertainment region of Hungary, less than one hour from Budapest. Randy Janey, Co-Founder and Partner of 1839 Capital commented, “We are very excited to close this round of funding which allows us to exercise our exclusive option to acquire the 10% equity stake in this three million square foot Resort, with construction scheduled to commence this summer. Considering the symbiotic relationship between the Resort and the new F1-compliant racetrack, currently in its last phase of construction, we will service all sectors of the racing circuit, international and regional spectators, and local clientele for year-round existing and upcoming area festivals, sporting events and entertainment. In addition to the luxury accommodations, the Resort will include a Conference Center, Entertainment Center, Spa, Golf Course, Aqua Park, Shopping Center and a 124,000 square foot Motorsport Museum.”
1839 Capital, Inc. leverages longstanding business relationships, in the U.S. and abroad, which provides the company with exclusive access to unique private investment opportunities for accredited investors, institutions, endowments, and pension funds. For more information go to www.1839Capital.com or www.1839Labs.com. Email inquiries may be sent to firstname.lastname@example.org.