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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. There are some 12 million rooms on the platform already, Rec Room said.

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Memory.ai, the startup behind time-tracking app Timely, raises $14M to build more AI-based productivity apps

TechCrunch

The startup, based out of Oslo, Norway, initially made its name with an app called Timely , a tool for people to track time spent doing different tasks. If the first wave of smartphone communications and the apps that are run on smartphone devices — social, gaming, productivity, media, information, etc.

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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. This episode also featured the ECL Pitch-Off, where founders in the audience pitched their products and services to our expert guests to get their live feedback.

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Powder raises $14 million for its social app for game clips

TechCrunch

Meet Powder , a French startup that helps you share video clips of your favorite games, follow people with the same interests and interact with them. Powder wants to build the video infrastructure for social gaming. There are three other co-founders, Barthélémy Kiss, Yannis Mangematin and Christian Navelot.

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

TechCrunch

Canada, CIS Region, Malaysia, Indonesia and Argentina — with the startup offering proprietary localized content for each target region (although its users are spread across some 40 countries). and Ireland, enter Spanish-speaking countries and several countries in South-East Asia,” the startup tells TechCrunch.

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TechCrunch+ roundup: VCs rate pitch decks, IPO analysis, Techstars’ expansion plans

TechCrunch

No one’s going to tell you when your startup has reached product-market fit — there are no flashing lights, no siren, no balloons falling from the ceiling. Global startups raise $158B in Q3, an all-time record. Global startups raise $158B in Q3, an all-time record. David Thacker, Greylock. Victoria Treyger, Felicis. “In