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Dreamscape Immersive Pulls In $11.36M

2017-02-14
SANTA MONICA, CA, Dreamscape Immersive, a virtual reality company, raised $11 million in funding.
According to SocalTech.com, Dreamscape Immersive, a developer of immersive, virtual reality entertainment experiences, said on yesterday afternoon that it has raised a Series A financing round. Size of the funding round was not announced, however, a regulatory filing indicates around $11.36M was raised in the round.

The funding was led by Bold Capital Partners, the investment firm run by Peter Diamandis, and also included Warner Bros., 21st Century Fox, Metro-Goldwyn-Mayer (MGM), IMAX Corporation, Westfield Corporation, and Steven Spielberg. Dreamscape Immersive said it is planning to open up a flagship 'VR Multiplex' at the Westfield Century City Mall in fall of this year. The company's founders and co-chairmen are Walter Parkes, former studio head of Dreamworks, and Kevin Wall, founder of Control Room; the company said it has named Bruce Vaughn, who has been at Disney Imagineering for 25 years, as its CEO.
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