Cosm has raked in more than $250 million in a round of funding and plans on using it to invest in its business components and growth opportunities.
The financial support comes from Steve Winn and his firm Mirasol Capital; both are existing investors. Some new ones providing capital to Cosm include Bolt Ventures, Avenue Sports Fund, ROCK, and Baillie Gifford. The latter of the two are operated by billionaire Dan Gilbert.
In part, the proceeds will be used by Cosm to support the growth of its Shared Reality venues, which aim to offer an alternative to sports fans as opposed to watching live games in person. Plus, the company said it intends to use the capital to improve operations, develop more venues worldwide, and grow its media business and technology channels.
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