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

TechCrunch

In a recent episode of TechCrunch Live (formerly Extra Crunch Live) , Sequoia partner Stephanie Zhan and Nick Fajt, founder and CEO of social gaming platform Rec Room , explained what the venture capital firm looks for in consumer-facing startups. You can check out the whole episode as well as the Rec Room pitch deck below.

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What Angel Investing & Florida Condos Have in Common

Both Sides of the Table

They have marked-up paper gains propped up by an over excited venture capital market that has validated their investments. Logic tells me the following: It is hard to make money angel investing. I have called it a “mug’s game&# and I mostly try to avoid it. For venture capitalists this isn’t troubling.

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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 One way to describe Revel is a cross between Instagram and Robinhood, wrapped in social game economics,” Sideman said. Instagram is known as a social media platform while Robinhood is known as an investing and trading platform.

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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. VC firm Konvoy Ventures led the Series A round. Carry1st has $4M to invest in African mobile gaming.

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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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This Week in Venture Capital – Episode 2

Both Sides of the Table

I was on This Week in Venture Capital (TWiVC) again this week with Jason Calacanis. I think the best solution for the social networking era is “in-stream&# advertising. I won’t belabor this – I have an investment in this space ( ad.ly ) so I’m biased. But I made it for a reason. He’ll pivot.