Two Bit Circus, a Los Angeles, California-based experiential entertainment company, raised $15m in Series B funding.
The round was led by Jazz Venture Partners with participation from Foundry Group, Techstars Ventures, Intel Capital, Dentsu Ventures, Georgian Pine and others. In conjunction with the funding, John Spinale, a general partner at JAZZ Venture Partners, joined Two Bit Circus’ board of directors.
The company intends to use the funds to build a portfolio of micro-amusement parks that will boast approximately 30,000+ square feet of immersive entertainment, including the latest in multi-person virtual reality and mixed reality, social play experiences, group games, molecular gastronomy, mixology, and, of course, liberal use of lasers, fire, and robots.
Co-Founded by CEO Brent Bushnell and Eric Gradman, Two Bit Circus is an experiential entertainment company using technology and a team of artists, inventors, educators and performers that builds social games and experiences that aim to inspire and engage people. Its public installations include original virtual reality content and haptic activations worldwide at events including the Super Bowl and Olympics, interactive games for corporate events and conferences, and custom exhibits for Fortune 500 companies.
The first location will open in the company’s hometown — Los Angeles, California.