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Los Angeles-based RiotGames , the online videogame developer headed by Brandon Beck, said late Friday that Tencent Holdings has acquired a majority stake in the company. The firms said that RiotGames will continue to maintain its headquarters in Los Angeles, and has plans to "hire aggressively" in 2011.
Los Angeles-based RiotGames , the online game developer, said today that its players have raised over $162,000 for victims of the earthquake and tsunami in Japan. RiotGames donated all of its proceeds from player purchases of certain items to the American Red Cross from March 21st to March 27th.
Los Angeles-based RiotGames , a venture-backed developer of online video games, announced Tuesday that it is will be releasing its first title--a free, online, multiplayer game called League of Legends. Tags: riotgames league legends content online videogame game. READ MORE>>.
Los Angeles-based RiotGames is looking to help patch up rocky race relationships in the United States, saying over the weekend that it will invest $10M in minority-owned game studios, in addition to providing $1M to the Innocence Project and the ACLU (American Civil Liberties Union), via is Social Impact Fund.
Los Angeles-based Gamzee , a developer of HTML5 and mobile/social games, announced Thursday that it has raised $1M in a seed round of funding. Paul Ksller of Bristol Investment Fund joins the firm's board as part of the funding. READ MORE>>.
Los Angeles-based Nix Hydra , a startup video game development company led by Lina Chen and Naomi Ladizinsky, said this morning that it has raised $5M in a Series A funding. The funding came from the Foundry Group, as well as angel investor Mike Lazerow. women eggbaby capital venture game video videogame hydra'
Derek Norton is head of Los Angeles-based Watertower Group (www.watertowergroup.com), a firm which helps companies raise funding, one of the rare companies which has a track record and good reputation helping companies with fundraising, and also runs its own investment fund. Those are two big gaming companies.
Los Angeles-based employee wellness and artificial intelligence (AI) software developer Three Good announced that it has raised a seed funding round. in that funding. The company says it is raising $2.5M The company says it is using both artificial intelligence and traditional psychology to help companies beat employee burnout.
Los Angeles-based employee wellness and artificial intelligence (AI) software developer Three Good announced that it has raised a seed funding round. The company says it has raised $700K in that pre-funding. in seed funding. The company said it is in the midst of raising $2.5
in seed funding from Deep Fork Capital, William Morris Endeavor, former RiotGames Chairman Jarl Mohn, Dennis Phelps (IVP), Social Starts, BDC Ventures, and Keith Boesky. The company--now based in Vancouver, BC--helps organizers of professional video game tournaments and leagues. The company is led by Jason Xu.
And of course there are virulent debates about whether publicly funded media should exist at all. I fall firmly on the side of supporting public funds for quality, less-biased, programming. But I’ve seen first hand when I lived in the UK how great public funding of news can be with The Beeb. He was CEO of E!,
Los Angeles-based NI0 , a new startup in the sports and nutrition vertical, is gearing up for launch, backed by $500,000 in seed funding from a number of tech investors. RiotGames). NI0 is led by Braven Greenelsh, and says it is currently in another seed funding effort. READ MORE>>.
Upfront Ventures was created 20 years ago as one of the original VC funds in Los Angeles. https://medium.com/media/d9fa90bfcfd8c4a9fdce54b16c47e2e8/href In addition to all the great companies being created here another often overlooked feature of Los Angeles is just how many great VC funds have been formed here in the past decade.
Los Angeles-based Treehouse Games , a developer of cooperative games aimed at helping friends spend time together, has raised $2.6M in a seed funding round, the company said this week. The funding was led by LVP, and also included Transcend Fund and Kristian Segestrale, the CEO of Super Evil Megacorp.
And as a result of this there are now very robust secondary markets where founders and seed-funds alike are selling down their ownership long before an ultimate exit. If we wanted to we could have sold > 2x the fund easily in the secondary markets with significant upside remaining. of the fund.
Los Angeles- and Seattle-based Theorycraft Games, founded by veterans of RiotGames, has raised $37.5M in a funding round, according to the company. The funding was led by NetEase, and also included NEA, Bitkraft Ventures, Griffin Gaming Partners, Sisu Game Ventures, as well as angels.
He was running to be the 42nd mayor of Los Angeles and he outlined his vision to “open up the city government to technology and innovation” if he were elected. Snap, RiotGames, Tinder, SpaceX and on and on — these are great things for LA as is every new VC fund launching in LA to create the next big innovation.
Los Angeles-based venture investor March Capital Partners is the lead investor in video game developer Wavedash Games , which announced a $6M Series A funding round on Tuesday morning. The funding round also included Lowercase Capital, Advancit Capital, CourtsideVC, Machine Shop Ventures, Luma Labs, and Cherrytree VC.
. “ In the game world, because of the necessity to build multiplayer, the length to launch a game has gotten way, way, way, way longer. Games are taking five to 10 years to launch out of beta,” Chen said. . Pragma’s investors agreed. The company raised $4.2
A new, early-stage venture firm, Patron--which has one of its General Partners based in Los Angeles--said on Tuesday that it has raised $90M in a new venture capital fund. Yeh and Cho said that they have served across such companies as RiotGames, FirstMark Capital, and Andreessen Horowitz. Yeh is based in Los Angeles.
Los Angeles-based Singularity 6 , a new game studio founded by RiotGames' veterans Aidan Karabaich and Anthony Leung, has raised $2.5M in a seed funding round, the company disclosed on Thursday. The funding came from London Venture Partners.
Los Angeles-based Singularity 6 , a developer of online games, has raised $16.5M in a Series A funding round, the company said this morning. The funding was led by Andreessen Horowitz (a16z), and also included seed investor LVP as well as FunPlus Ventures. READ MORE>>.
The story are the early investors who had foresight to back them — Lightspeed, Benchmark, IVP, SV Angel, General Catalyst, etc. I had a narrative in my head that I didn’t want to fund apps that would help husbands cheat on their wives or help kids send naked photos. Another firm funded them. These experiences make you cautious.
Los Angeles-based venture investment firm CrossCut Ventures (www.crosscut.vc) announced this morning that it has raised its fourth fund, CrossCut 4 , a brand new, $125M early stage investment fund. We spoke with one of the firm's four Managing Directors, Clinton Foy , about the big new fund and its investments.
You begin to think about how hard it will be to fund raise, sign customers, hire employees, etc. I’ve known Jamie for years — he’s one of Los Angeles’ true innovators — so when we first heard he was starting Ring (then DoorBot) we were immediately interest and have been huge supporters (and funders) since his earliest days.
Be Great Partners , a Los Angeles technology incubator, has recently released a report on the startup community in LA and the information shows a positive growth for startups here in LA. Los Angeles is 3 rd in the global startup ecosystem, behind Tel Aviv and Silicon Valley. Los Angeles has a diverse area of startups.
Seventeen lawyer regional firm Stubbs Alderton & Markiles, LLP has represented digital media, internet, technology, consumer electronics, and entertainment companies and investment funds out of its Sherman Oaks office since its formation in 2002.
He currently works for Founders Fund and coordinates FF Angel LLC, a seed-stage investment program; as well as fbFund REV, a micro-seed incubator program for Facebook-related startups. Quilici is also a member of the board of directors of NeoEdge Networks and a member of Tech Coast Angels. Dave McClure. . Rick Heitzmann.
Los Angeles-based PlayVS (pronounced “play versus”) wants to become the dominant platform for amateur esports, starting at the high school level. What gets ignored is the entire base of amateurs wanting to compete in esports below the professional tier.
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