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Equal access to capital and entrepreneurship is the final civil rights movement

TechCrunch

But despite my privilege, I’m also confident that my Black heritage made it more difficult for me to raise venture capital. Today — and the data proves this — if you are a white male, you have an unfair advantage when looking to raise venture capital. At the time, I didn’t even know that raising venture capital was a possibility.

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Daily Crunch: Investors back away from Dispo

TechCrunch

After a recent story in Business Insider brought allegations to light that a member of David Dobrik’s vlog squad had sexually assaulted an extra during a shoot, Spark Capital announced that it would “sever all ties” with Dobrik’s photo-sharing startup Dispo, as did fellow investors Unshackled Ventures and Seven Seven Six.

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a16z, Avenir and Google back South African mobile games publisher Carry1st in $20M round

TechCrunch

Carry1st , a South African publisher of social games and interactive content across Africa, has raised a $20 million Series A extension led by Andreessen Horowitz (a16z). A couple of prominent individual investors, including Nas and the founders of Chipper Cash , Sky Mavis and Yield Guild Games, took part.

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Skich’s new app brings social discovery to mobile game recommendations

TechCrunch

Users aren’t promised in-game rewards, virtual currency or anything else. Upon first launch, users simply tap on the categories of games they most enjoy — like board, adventure, card, casino, educational, strategy, word, racing, sports, casual, puzzle, and others. It’s just a recommendation.

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Turkey’s Spyke raises $55M in a seed round to bring a social twist to casual mobile games

TechCrunch

Spyke Games , which hopes to bring a new dimension to casual games by using multiplayer functionality and other social elements, has raised $55 million in a seed round of funding. We are betting this will start happening in casual games, too.” He has joined Spyke’s board of directors with this round.

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Daily Crunch: Electric rail vehicle startup Parallel Systems raises a $49.55M Series A

TechCrunch

If that comes to bear, the ByteDance news could prove more harbinger than one-off, perhaps reducing the total capital available to startups in the country. Funding for women founders continues to disappoint : New data indicates that less than 2% of VC funding last year went to all-women teams. What’s going on? Decarbonization is hot.

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Gaming infrastructure startup Pragma raises $12M from Greylock, Mark Pincus and others

TechCrunch

The round was led by David Thacker at Greylock, with participation from Zynga founder Mark Pincus, Oculus founder Nate Mitchell and Cloudera founder Amr Awadallah, along with previous investors Upfront Ventures and Advancit Capital.