Thursday, January 19, 2017

Two Bit Circus Adds $15M, Plans LA Amusement Park

Los Angeles-based Two Bit Circus, the STEM-focused, entertainment company led by Brent Bushnell, has raised $15M in a Series B funding round, the company said Thursday morning. The funding was led by JAZZ Venture Partners, and also included Foundry Group, Techstars Ventures, and Intel Capital plus new investors Dentsu Ventures, Georgian Pine and others. Two Bit Circus said the funding round will go to develop "micro-amusement parks" that tap into such technologies as multi-person virtual reality and mixed reality, social play experiences, group games, molecular gastronomy, robotics, lasers, and much more, starting with a location in downtown LA. John Spinale, General Partner at JAZZ Venture Partners, joins the company's board with the funding. Of interest of those in LA, the company said it is taking beta signups for people interested in testing out its attractions ahead of launch, at the company's 30,000 square foot downtown location.