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Metaverse Magna raises $3.2M at a $30M valuation to build Africa’s largest gaming DAO

TechCrunch

This February, Africa and emerging market-focused Nestcoin raised a pre-seed round to build, operate and invest in its web3 applications, including crypto content platform Breach Club and gaming guild Metaverse Magna (MVM). MVM’s seed sale token ensures opportunities for millions of gamers in these emerging markets.”.

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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.

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Consumer investment fatigue

Tomasz Tunguz

Many of the promising marketing and media innovations of the past six years, daily deals, subscription ecommerce, social gaming and social media, have been struggling. I’ve been asked a few times whether there is consumer investment fatigue as a result. But consumer investment will continue.

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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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Kodland, which teaches kids digital skills, grabs $9M to scale its online coding school

TechCrunch

It says it will also be spending on product development. A bunch of cohort-based learning platforms has also been successful in attracting recent investment — by, similarly, seeking to bridge the gap between edtech and the creator economy. ” Edtech leans into the creator economy with cohort-based classes.

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Stream raises $38M as its chat and activity feed APIs power communications for 1B users

TechCrunch

Stream , which lets developers build chat and activity streams into apps and other services by way of a few lines of code, has raised $38 million, funding that it will be using to continue building out its existing business as well as to work on new features. ” That moment of opportunity is not one that Stream is pursuing on its own.

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