Two Bit Circus, a high-tech circus has raised $6.5 million in Series A round of funding led by Techstars Ventures and Foundry Group along with Intel Capital.
Founded in 2015, Two Bit Circus is an experimental entertainment company that is a pioneer in immersive storytelling on next-generation platforms. Its installation in public area operate to turn passive entertainment into interactive experiences and bring people together in unexpected ways. It includes STEAM Carnival that has high-tech games and engaging workshops to inspire kids of all ages. it has a combination of virtual reality and 360 degree videos to bring the overall effect and total immersion.
With the fresh funds, Two Bit Circus plans to widen STEAM Carnival into a national brand, create original content for VR, mobile and web and boost its business renting high-tech entertainment to conferences and events. Further to the funding round, Mark Solon, managing partner at Techstars Ventures and Ryan McIntyre, managing director and co-founder at Foundry Group would be joining the company’s board of directors.
Brent Bushnell, CEO and co-founder of Two Bit Circus said, ” “We’re thrilled to be working with such great partners to bring our crazy circus to a broader audience. Adding to it, Eric Gradman, co-founder and Mad Inventor said, ” The latest sensors, computer vision and artificial intelligence unlock new forms of play and reconnect people IRL (in real life).”
“Two Bit Circus’ traction to date with its high-profile customers clearly demonstrates their leadership position in this expanding market,” said Mark Solon, managing partner at Techstars Ventures. “Our investment will help Two Bit Circus capitalize on the demand for their unique entertainment and accelerate the company’s pace of product innovation and growth,” noted Ryan McIntyre, managing director and co-founder at Foundry Group. In conjunction with the financing, Mark and Ryan will be joining the company’s board of directors.