Cosm, a cutting-edge technology, media and entertainment company based in Los Angeles, has successfully secured over $250 million in funding to support the long-term growth of its “Shared Reality” venues and its technology and media divisions.
The recent round of funding includes contributions from existing investor Steve Winn as well as Mirasol Capital. Additionally, new investors such as Avenue Sports Fund led by Marc Lasry, Dan Gilbert’s ROCK fund, Baillie Gifford and David Blitzer’s Bolt Ventures have also joined the investment pool.
With their first venue recently launched at Hollywood Park in Inglewood, Cosm plans to utilize this new capital to enhance operational efficiency while expanding their technology and media units. They also aim to speed up the development of more venues worldwide. The second venue is set for opening later this year at Grandscape in Dallas with a third location announced for Atlanta’s Centennial Yards.
According to Jeb Terry – president and CEO of Cosm – the company was established with a goal to revolutionize how people experience content. He further stated that over the past few years they have been laying down strong foundations for their business while growing an exceptional team necessary for achieving this vision.
