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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. Existing investors, including First Round Capital, Index, Sequoia and DAG, also participated in the round.

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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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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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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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Roblox raises at $29.5 billion valuation, readies for direct listing

TechCrunch

Roblox is now one of the world’s most valuable private companies in the world after a monster Series H raise brings the social gaming platform a stratospheric $29.5 The Investment Group of Santa Barbara, Warner Music Group, and a number of current investors, also participated in this round. billion valuation. company.

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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. It was an investment management class.

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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). Meanwhile, MVM said it is building a soon-to-launch social gaming app, Hyper.