Two Bit Circus Raises $15M to Launch Amusement ParkThursday, January 19, 2017
Two Bit Circus is taking a break from its traveling carnival work to build a 30,000-square-foot amusement park in Los Angeles.
To launch its brick-and-mortar operation, the downtown Los Angeles entertainment outfit has raised a $15 million Series B round of capital led by Jazz Venture Partners, with participation from existing investors including Foundry Group, Techstars Ventures, and Intel Capital. Its so-called micro-amusement parks will include multi-person virtual reality and mixed reality games, as well as laser, fire, and robotics shows.
Two Bit Circus previously displayed its science-focused games in one-off educational carnivals in places such as San Francisco’s Pier 48. It also built games for corporate customers to use at company parties and trade shows.
While the company will continue that line of business in some fashion, Brent Bushnell, co-founder and chief executive of the company, said it was looking for ways to get more use out of the games it builds.
“The fact that all of these things were pop-up limited the scope and scale of the audience,” he said. “This gives us an opportunity to connect to the public.”
The company has yet to choose a site in Los Angeles, but is looking at malls and shopping centers, said Bushnell. The exact opening date has yet to be determined, he said.