article thumbnail

Riot Games Raises $8M

socalTECH

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>>.

article thumbnail

The Changing Venture Landscape

Both Sides of the Table

how on Earth could the venture capital market stand still? One of the most common questions I’m asked by people intrigued by but also scared by venture capital and technology markets is some variant of, “Aren’t technology markets way overvalued? How our VC Firms Like Ours Organizing to Meet the Challenges?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

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.”

article thumbnail

Battlefy Finds $1.3M

socalTECH

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.

article thumbnail

Looking At LA's Technology Future with Derek Norton

socalTECH

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.

article thumbnail

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.

article thumbnail

March Capital Backs Video Game Developer Wavedash Games

socalTECH

The funding round also included Lowercase Capital, Advancit Capital, CourtsideVC, Machine Shop Ventures, Luma Labs, and Cherrytree VC. According to Wavedash, the new funding will go to grow its team and complete the development of its game, Platform Fighter. Wavedash is based in Oakland. READ MORE>>.