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Griffin Gaming Partners Backs Mobile Game Developer Spyke

socalTECH

Santa Monica-based venture investment firm Griffin Gaming Partners is the lead investor in Turkish mobile gaming developer Spyke, Spyke said on monday. According to Spyke, it raised $55M in its seed funding round from Griffin Gaming Partners. Spyke's team comes from Peak Games, Zynga and Riot Games.

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NI0, Backed By $500K From Tech Investors, Gears Up For Launch

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Los Angeles-based NI0 , a new startup in the sports and nutrition vertical, is gearing up for launch, backed by $500,000 in seed funding from a number of tech investors. Riot Games). NI0 is led by Braven Greenelsh, and says it is currently in another seed funding effort. READ MORE>>.

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Gamzee Gets Seed Funding

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Los Angeles-based Gamzee , a developer of HTML5 and mobile/social games, announced Thursday that it has raised $1M in a seed round of funding. Paul Ksller of Bristol Investment Fund joins the firm's board as part of the funding.

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Understanding What’s Going on in #LATech

Both Sides of the Table

Upfront Ventures was created 20 years ago as one of the original VC funds in Los Angeles. Back then only 15% of our dollars were invested locally whereas today 50% of our dollars are invested in LA. Back then only 15% of our dollars were invested locally whereas today 50% of our dollars are invested in LA.

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The Changing Venture Landscape

Both Sides of the Table

On the one hand, you’re over paying for every investment and valuations aren’t rational. And as a result of this there are now very robust secondary markets where founders and seed-funds alike are selling down their ownership long before an ultimate exit. That used to be called A-round investing. of the fund.

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Clinton Foy On CrossCut Ventures' New, $125M Fund

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Los Angeles-based venture investment firm CrossCut Ventures (www.crosscut.vc) announced this morning that it has raised its fourth fund, CrossCut 4 , a brand new, $125M early stage investment fund. We spoke with one of the firm's four Managing Directors, Clinton Foy , about the big new fund and its investments.

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