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Overplay’s Wefunder Campaign brings in $1 million from Retail Investors, Funding Social Gaming AI-Powered Tech

American Entrepreneurship

Community Crowdfunding Platform brings multiple benefits to Social Gaming Startup Funding strategy plays an important role in how much and how quickly a startup receives funding. In a matter of hours, the gaming startup raised $1 million from retail investors with a minimum investment of $100.

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Social gaming platform Rec Room scores $20 million Series C

TechCrunch

Social gaming platform Rec Room has scored some new funding as it aims to bring its once VR-centric world to every major gaming platform out there. The startup has closed a $20 million Series C led by Madrona Venture Group. They’ve raised just shy of $50 million to date. Image via Rec Room.

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African gaming startup Carry1st raises $27M from Bitkraft Ventures and a16z

TechCrunch

Since its launch in 2018, Carry1st, a publisher of social games and interactive content across Africa, has raised funding from investors such as Google via its Africa Investment Fund and Avenir Growth Capital. We now have, in our minds, the three best funds that focus on gaming and web3.

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Revel raises $7.8M to become the Instagram and Robinhood of NFT platforms

TechCrunch

Revel , an NFT or “social collectibles” platform, raised $7.8 million in seed financing led by Dragonfly Capital, the startup’s CEO, Adi Sideman, exclusively told TechCrunch. One way to describe Revel is a cross between Instagram and Robinhood, wrapped in social game economics,” Sideman said.

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Rec Room raises $145M at a $3.5B valuation for its user-generated, immersive gaming platform

TechCrunch

On the heels of Roblox hitting it big with its platform for user-created gaming content, another startup has landed a major round of funding to build out its own user-generated platform aimed at immersive experiences. billion valuation. billion valuation. (To There are some 12 million rooms on the platform already, Rec Room said.

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Stephanie Zhan walks through the Rec Room pitch deck that won Sequoia’s investment

TechCrunch

Sequoia is one of the most sought-after VC firms in the world, and predictably, it sees plenty of startups competing for its attention. Sequoia, alongside almost every other VC firm, prizes one factor when deciding to investing in a consumer-facing company: User love. Love is the answer.

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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.