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Riot Games Raises $8M

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Los Angeles-based Riot Games , a developer of online video games, announced today that it has raised a new, $8M round of financing. The round came from Benchmark Capital, FirstMark Capital, and Chinese online services firm Tencent. READ MORE>>.

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March Capital Backs Video Game Developer Wavedash Games

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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.

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Battlefy Finds $1.3M

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in seed funding from Deep Fork Capital, William Morris Endeavor, former Riot Games 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.

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Understanding What’s Going on in #LATech

Both Sides of the Table

Upfront Ventures was created 20 years ago as one of the original VC funds in Los Angeles. 10 years ago we found ourselves trying to persuade LPs and VCs that it was worth spending more time getting to know the LA market and now the most common refrain that I hear from them is “there really is something going on in LA.”

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Looking At LA's Technology Future with Derek Norton

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Watertower has been involved in a number of high visibility exits and fundings in recent months, including Riot Games (rumored to be $400M+), Machinima, and ExtendMedia. I think you know Riot Games, where we put together their first institutional money. Those are two big gaming companies.

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The Snap IPO Happened. What Next LA?

Both Sides of the Table

It’s hard to remember that in 2012 it was still hard for LA VCs to persuade investors into funds that LA was a viable market for great venture capital funds or convince many VCs that LA was a market worth investing dollars into startups. And this is true. LA has only just begun.

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Patron Picks Up $90M For Games, Consumer, Web Investments

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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 Riot Games, FirstMark Capital, and Andreessen Horowitz.