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Daily Crunch: Investors back away from Dispo

TechCrunch

“We have stepped down from our position on the board and we are in the process of making arrangements to ensure we do not profit from our recent investment in Dispo,” said Spark, which led a $20 million Series A in Dispo less than a month ago. Dobrik, meanwhile, has stepped down from the Dispo board and left the company.

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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). Carry1st also received investments from Avenir and Google; it’s the latter’s second check from its Africa Investment Fund. It’s a heavyweight group.

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Riot Games and Konvoy Ventures back games publisher Carry1st in $6M Series A

TechCrunch

million seed investment. CRE Ventures led that round , but this time, the company, which has offices in Cape Town and New York, brought in a blue-chip group of investors spanning gaming, media and fintech. The firm is known for its investment in the video gaming industry’s infrastructure, technology, tools and platforms.

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The Last Gameboard raises $4M to ship its digital tabletop gaming platform

TechCrunch

At $699 for the Gameboard it’s not exactly an impulse buy, either, but the fact of the matter is people spend a lot of money on gaming, with some titles running into multiple hundreds of dollars for all the expansions and pieces. “They see the digital crossover is going to happen — people are playing online board games now.

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

TechCrunch

I began to realize that venture capital is a bit of a social game — and I was about to play it for two years. If they invest in someone that is unknown within their social circles, they run the risk of being challenged by their partnership on why they made that decision, so the personal risk of going out on a limb is big.

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

TechCrunch

This is a big sum for a seed round in any country, but as it happens, it’s the largest seed round to date for a startup out of Turkey, underscoring just how much things have evolved in the country when it comes to attracting investment. 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

China’s corporate venture landscape hits regulatory wall : Chinese tech giant ByteDance dissolved its strategic investment team, it became known today. The news comes as other sources reported that the country’s government may require larger internet firms to get approval before making investments. You can sign up here.).

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