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DreamPark Secures $1.1M Seed Funding to Transform Real-World Spaces into Mixed Reality Theme Parks

DreamPark Secures $1.1M Seed Funding to Transform Real-World Spaces into Mixed Reality Theme Parks

June 4, 2025 Craig Etkin

Backed by Long Journey Ventures with participation from Founders Inc., DreamPark is building the world’s largest theme park, making the real world a playground again

SAN FRANCISCO–(BUSINESS WIRE)–DreamPark, the creator of the world’s largest downloadable mixed reality (XR) theme park, today announced it secured $1.1M in seed funding led by Long Journey Ventures, with participation from Founders Inc. The investment will accelerate DreamPark’s mission to make Earth worth playing again by transforming ordinary spaces into extraordinary adventures through mixed reality technology.

“We’re building the world’s largest theme park – one that exists everywhere and is accessible to everyone. We want to make getting out to play worthwhile again.”Share

Positioned at the forefront of mixed reality innovation, DreamPark is capturing a significant early advantage in the global XR live event market, valued at $3.6 billion in 2024 and projected to surge to $190.3 billion by 2034 at a 48.7% CAGR. This explosive growth trajectory presents an opportunity that DreamPark’s technology and business model are uniquely designed to address.

“We’re building the world’s largest theme park—one that exists everywhere and is accessible to everyone. We want to make getting out to play worthwhile again,” said Brent Bushnell, co-founder and business officer of DreamPark. “This investment allows us to expand our footprint of access points across the country rapidly, develop partnerships with premium IP holders, and continue enhancing our technology to deliver magical experiences that bring people back to real-world spaces.”

DreamPark transforms physical locations into immersive mixed-reality environments through its network of access points: physical markers, like QR codes, that, when scanned with a Meta Quest headset or mobile device, unlock digital overlays on real-world spaces. The company has already established successful installations at Santa Monica’s Third Street Promenade and The LA County Fair, with planned expansions in Seattle, Orange County and several expos and corporate events.

“As a longtime investor, I have seen countless pitches promising to merge the digital and physical worlds, and DreamPark is the first that truly delivers on the real-world metaverse,” said Cyan Banister, co-founder and general partner at Long Journey Ventures. “Aidan is a visionary builder of immersive systems, and Brent is a pioneer in playful public spaces, making them the perfect team to make emerging tech feel human, accessible, and unforgettable. They’ve cracked the code on location-based AR, delivering a 10x experience that’s as magical as it’s scalable. This isn’t just immersive entertainment; it’s a whole new category.”

The funding comes when retail landlords and event venues seek innovative solutions to drive foot traffic and increase engagement. While typical VR venues cost over $1 million to build, DreamPark delivers a fully immersive, multiplayer experience that pays for itself in its first month of revenue, with no construction or permanent infrastructure required. It’s a radically more affordable way to turn underused spaces into high-impact destinations.

“We’re not just creating engaging content, we’re building a platform that revitalizes communities by giving people a reason to gather, play, and connect in physical spaces in real life,” added Aidan Wolf, co-founder and CEO, DreamPark. “DreamPark bridges the digital and physical worlds, creating a new category of play where the magic of virtual worlds enhances real-life connections. We’re reimagining what’s possible when the spaces around us become canvases for shared adventure and imagination.”

The seed funding will support DreamPark’s aggressive expansion plans, including:

  • Deploying access points across new locations
  • Launching partnerships with major IP holders to create branded theme park experiences
  • Expanding the company’s fleet of rental Quest headset units nationwide
  • Growing the development team to accelerate content creation and platform capabilities

DreamPark’s leadership team brings deep experience from companies including Two-Bit Circus, Smiley Cap, and SNAP, Inc., positioning them to execute their ambitious vision of creating the infrastructure for worldwide mixed-reality entertainment.

For more information about DreamPark, visit https://dreampark.app.

About DreamPark

DreamPark is creating the world’s first downloadable mixed-reality theme park platform, transforming real-world spaces into immersive adventures. Using the latest XR technology, we overlay digital worlds onto physical environments, creating magical experiences accessible through Meta Quest headsets or mobile devices. With strategic locations across major cities, we’re building the world’s largest theme park—one that exists everywhere and is open to everyone. Founded by industry veterans Brent Bushnell, Aidan Wolf, and Kevin Habich, and backed by top VCs like Long Journey Ventures and Founders, Inc., DreamPark is reimagining how people play, connect, and experience their communities in the mixed reality era.

Contacts

Media Contact:
Kiley Hayward
719-660-1445

(c)2025 Business Wire, Inc., All rights reserved.


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Snorkel AI announced general availability of two new product offerings on the Snorkel AI Data Development Platform: Snorkel Evaluate and Snorkel Expert Data-as-a-Service. These launches advance its mission to turn knowledge into specialized AI—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. In addition, Snorkel AI announced it has raised $100 million in Series D funding at a $1.3 billion valuation, led by Addition. This new funding will fuel continued research and innovation in evaluating and tuning specialized AI systems with expert data.


In a statement Alex Ratner, Co-founder and CEO of Snorkel AI said, “We are seeing a surge of momentum around agentic AI, but specialized enterprise agents aren’t ready for production in most settings.” “Enterprises need domain-specific data and expertise to make this a reality. We’re excited to deliver on this need and help AI innovators develop expert data to bring their LLM and agentic systems into production with our new offerings, which round out Snorkel’s unified AI data development stack.”

Snorkel AI is building the Snorkel AI Data Development Platform for evaluating and tuning specialized AI at scale. Snorkel AI’s offerings, including Snorkel Evaluate and Snorkel Expert Data-as-a-Service, accelerate evaluation and tuning of specialized AI systems with expert data—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. Launched out of the Stanford AI Lab, Snorkel AI’s platform is used in production by Fortune 500 companies, including BNY, Wayfair, and Chubb, as well as across the U.S. federal government, including the U.S. Air Force.
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TicketManager, a global leader in event ticket and guest management solutions for the corporate enterprise, today announced Valeas Capital Partners, a growth-oriented private-equity firm, has acquired a majority stake in the company. Under the terms of the agreement, Valeas is committing $110 million to support TicketManager’s strategic growth plans. TicketManager Co-Founder and CEO Tony Knopp and COO Ken Hanscom will retain a minority interest in the Company. Founded in 2007, TicketManager is the category leader in providing software and services to manage end-to-end event ticket workflow and guest experiences. Serving as the central hub and system of record for data-driven organizations, the platform streamlines every step of the ticket management process. Every year, companies spend more than $600 billion on customer entertainment, yet 43% of corporate tickets are never used and fewer than 20% of organizations leverage modern software to optimize those investments and mitigate compliance risk.

In a statement Tony Knopp, CEO and Co-Founder of TicketManager said, “Live events are an important investment for businesses of all sizes. Whether major global sponsorships, naming rights for stadiums, luxury suites or even a few season tickets for the local team, companies use them to attract and keep customers while building their brands. But in today’s market, many companies struggle with growing pressure to show the value of their ticket spending.” “We knew there was a better way, and that’s why we created TicketManager – to make company tickets easy and prove the return on investment with cutting edge technology and services.”

TicketManager is a leading event- and guest-management platform that empowers companies to make client entertainment easy and drive greater return on investment. It offers convenient and simple technology to manage corporate sports and entertainment tickets, create exceptional guest life-cycle experiences, and measure effectiveness. TicketManager is trusted by more than 500 global brands including Verizon, FedEx, Adidas, Anheuser-Busch, and Mastercard.
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According to state and local development sources, VA Houston Healthcare System plans to invest $31 Million to build out 66,612 square feet of new space in Beaumont. The company plans to occupy the new space at 3295 College in Beaumont, on or about February 1, 2027. The Beaumont VA Clinic which was authorized and funded through the PACT Act, or the Honoring our Promise to Address Comprehensive Toxics Act of 2022, will be located at 3295 College Street in Beaumont. The new clinic will be almost double the amount of space in the current Beaumont Outpatient clinic.  

In a statement Frank Vazquez, Houston VA Medical Center Director said, “We are excited to expand our services in Beaumont to provide our Veterans with a modern healthcare clinic that caters to their needs.” “The more services we can offer in our new VA Clinic, the less the Veterans will need to travel to Houston for specialty medical care.” “We are truly committed to ensuring our southeast Texas Veterans receive the top-quality healthcare they deserve as quickly and conveniently as possible.” “Our goal is to provide as much health care as possible to our Veterans here in Beaumont and our new clinic will allow us to expand and will be modern and updated.  We can’t wait to get it up and running.” 

Construction is set to begin in the coming months to renovate and build out the new clinic, with an anticipated opening date set for early 2027.  Earlier this year, Houston VA announced the beginning of a new shuttle service for Southeast Texas Veterans who need to get to the VA hospital in Houston for treatment.  The shuttle service offers Veterans a free ride to and from the Houston VA on weekdays. Veterans can catch the free shuttle each weekday morning at the Beaumont VA Outpatient Clinic.  

According to the company website VA Houston Healthcare System provides health care services to Veterans at 13 locations in southeast Texas. The VA Houston Healthcare System provides you with outstanding health care, trains Americas future health care providers, and conducts important medical research. At the VA Houston Healthcare System, were dedicated to improving the lives of Veterans and their families every day. The VA Houston Healthcare System is one of the leading health care systems serving Veterans in the South Central VA Health Care Network. Were an innovative care center within the Veterans Integrated Service Network 16 (VISN 16), which includes medical centers and clinics in Mississippi, Louisiana, Arkansas, Oklahoma, southeast Texas, and northwest Florida.
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