Location-based virtual reality (VR) startup, Dreamscape Immersive, is to create a Nickelodeon IP-themed VR experience.
The news follows the announcement that Nickelodeon has invested in Dreamscape Immersive‘s Series B round of funding.
The startup is reportedly opening its first location in Los Angeles next year. It has partnered with AMC to launch six further locations going forward.
Funding led by AMC has already raised $20 million. Nickelodeon has also contributed to the latest wave of funding, alongside Majid Al Futtaim, VRSense Solutions Limited, and Image Nation Abu Dhabi.
In addition, Bold Capital Partners, 21st Century Fox, and Warner Bros., all of which contributed to Series A funding, are understood to have invested in this latest round. The amount raised is believed to be $10 million.
Dreamscape COO, Aaron Grosky, said all the investors shared the company’s vision.