Spaces Raises $6.5M in Funding

spacesSpaces, a Playa Vista, Calif.-based virtual reality and mixed reality company, raised an additional $6.5m in funding.

The round was led by China-based Songcheng Performances Development Co. Ltd., with participation from Comcast Ventures and other investors including Boost VC, Colopl VR Fund, Gree, Inc., Kai Huang, The Venture Reality Fund, and Youku Global Media Fund and CRCM VC.

Launched in 2016 by Co-founded by CEO Shiraz Akmal and CTO Brad Herman, Spaces builds VR-enabled parks and attractions. To this end, the company recently entered into a $30m theme-park joint venture with Songcheng, one of the world’s biggest theme-park operators, with annual attendance of more than 23 million visitors in 2015 (according to data from the Themed Entertainment Association).

In conjunction with the funding, the company added DreamWorks Animation CFO Fazal Merchant, Comcast Ventures’ managing director Michael Yang; and Ethan Wang, general manager of Songcheng Technology, to its newly established board of directors.



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