Cosm, a leader in immersive technology and entertainment experiences, has successfully raised over $250 million in funding to support its continued growth and development. The newfound capital will be used to expand Cosm’s portfolio of venues in Los Angeles, Dallas, and other upcoming cities, while also reinforcing the company’s technology and media divisions.
The latest funding round includes participation from existing investor Steve Winn through Mirasol Capital, as well as a group of new investors with notable backgrounds as professional sports team owners. These new investors include Avenue Sports Fund led by former Milwaukee Bucks co-owner Marc Lasry, Rock founded by Cleveland Cavaliers owner Dan Gilbert, Bolt Ventures co-run by Blackstone partner and sports team investor David Blitzer, and investment firm Baillie Gifford.
Cosm’s first venue, located in Hollywood Park, LA, opened its doors last April. The space offers a unique experience with permanent theater-style seating, large screens for group viewing of sports, live events, and other programming, as well as a versatile event space. Integrated technology throughout the venue enhances the immersive and captivating experience for attendees.
In addition to the LA venue, Cosm also has plans to open its second location in Dallas at Grandscape later this year, followed by a third venue in Atlanta’s Centennial area. With its innovative approach to shared reality, Cosm aims to revolutionize the way people consume media and entertainment, providing a truly immersive and memorable experience for all.